Launched in 2021, the app enabled the bank’s customers to buy, sell and hold cryptocurrency through partnerships with German software firm SAP and crypto exchange Coinbase.
Upon the launch, Vast Bank claimed it had become the first bank in the US “to offer customers the ability to purchase and sell cryptocurrencies alongside a traditional checking account”.
However, in a notice on its website, Vast Bank now writes: “To strategically align our operations, effective Wednesday January 31st, 2024, we will be disabling and removing the Vast Crypto Mobile Banking application from Google and Apple, which means your Vast Crypto Mobile Banking account(s), including any Digital Assets held in custody, will be liquidated and closed.”
