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Silvergate Bank's Payments Platform Reaches Record High $17.4B In Transfer Volumes

Ramsey Baker

Summary: Silvergate Bank, the publicly traded regional bank, has seen the activity on its 24/7 payments network reach record levels, according to the firm's quarter one earnings report. The cryptocurrency friendly regional bank saw a record $17.4 billion worth of SEN transfer volumes processed in the first quarter, which equates to an 80% growth from Q4 ...

Silvergate Bank, the publicly traded regional bank, has seen the activity on its 24/7 payments network reach record levels, according to the firm's quarter one earnings report.

The cryptocurrency friendly regional bank saw a record $17.4 billion worth of SEN transfer volumes processed in the first quarter, which equates to an 80% growth from Q4 and a 320% increase since last year.

By Ramsey Baker

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Link: Silvergate Bank's Payments Platform Reaches Record High $17.4B In Transfer Volumes   [Copy]
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