Texas Border Business
Building on its reputation for innovation and adaptation, Vantage Bank Texas has become one of the first Texas employers to offer bitcoin savings plans for employees. This reinforces the financial evolution of cryptocurrency and how employers are adapting to offer competitive benefits packages for employees.
Vantage Bank Texas employees can now direct a portion of their post-tax paychecks into no-fee NYDIG bitcoin savings plans. NYDIG is one of the nation’s leading bitcoin-focused financial services firm and provides Vantage Bank Texas employees with a safe and convenient way to save in bitcoin, the world’s best-known cryptocurrency.
According to NYDIG’s 2022 survey, more than one-third of workers between the ages of 18 and 29 are an interested in earning some of their salary in bitcoin. This was echoed in Vantage Bank’s experience as more employees were requesting the Bitcoin Savings Plan option.
“Part of offering our team members the most comprehensive benefits package possible, is making sure we evolve with new financial technologies,” said Jeff Sinnott, President and CEO of Vantage Bank Texas
. “As part of that, we are also providing associates with education about bitcoin, sharing the risks and considerations that should be evaluated before directing their post-tax dollars to a bitcoin savings plan.”
Patrick Sells, NYDIG’s chief innovation officer, called the service an “easy-to-adopt” perk for employers that helps businesses “stand out from the pack while providing their employees with a critical tool for protecting their financial futures.”
Vantage Bank Texas was founded in 1923 and is a family-owned community-based financial institution headquartered in San Antonio, with deep roots in the border regions of the state. Vantage is focused on providing specialized banking services to small and medium-sized commercial businesses as well as to consumer and international customers who live and work in the communities we serve. The Bank has full-service banking centers in the Rio Grande Valley, San Antonio, Laredo, El Paso, Fort Worth, Hondo and Refugio. Vantage Bank prides itself on its culture and commitment in helping customers make financial victories a reality. Find out more about Vantage at A Community Bank Serving Texas | Vantage Bank.