Hanover Bank to connect to Bakkt’s cryptocurrency platform

Hanover Community Bank, based in Long Island and the New York metropolitan area, has officially joined Bakkt’s early adopter program to gain access to its cryptocurrency platform. With this integration, Hanover customers will be able to access bitcoin and Ethereum through the bank’s mobile app, according to a press release.

Hanover is joining a variety of banks that are taking part in Bakkt’s program, which aims to make it easier for banks and partners to engage with cryptocurrency.

“We’re seeing the increased momentum of cryptocurrency interest and adoption among a large cross-section of the consumer population. Bakkt’s partners like Hanover Bank are intent on lowering the barrier to entry for their clients to enjoy this new asset class,” Sheela Zemlin, chief revenue officer, Bakkt, said in the release. “It’s undeniable that cryptocurrency has catapulted itself to prime time and grown its sphere of influence to include more than early adopters; this is going mainstream. It’s an exciting time for Bakkt to introduce new and innovative options, so that anyone can participate in this burgeoning economy.”