Fidelity Digital, the digital assets arm of Fidelity Investments, has become the first financial institution to receive the so-called bitcoin payments ‘torch’ that is being relayed from user to user around the globe via Bitcoin’s Lightning network.
Fidelity Becomes First Bank to Take the #LNTorch
With more than 27 million customers, Fidelity manages $7.2 trillion dollars in total assets. It’s the United States leader in 401(k) retirement savings plans and is one of the largest 403(b) retirement plan providers for not-for-profit institutions.
The investment giant announced it had received the #LNTorch on Friday, February 22nd from Tokyo-based and self-proclaimed ‘Bitcoin Maximalist’ who’s “interested in mining/trading,” Twitter user @Wiz who received it from Bitcoin entrepreneur, Charlie Shrem.