Credit unions can win younger members through payments

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A PYMNTS Intelligence report shows that credit unions can attract younger members by offering cryptocurrency and stablecoin services through digital wallets. Among credit union members, 12% expressed strong interest in storing and using stablecoins through digital wallets, compared with 5% for direct payments; 10.7% expressed strong interest in cryptocurrency payments through wallets, compared with 6.8% for direct payments. About 67% of members do not know whether their institutions support cryptocurrency, while 70% are unsure whether they support stablecoins. The report recommends considering partnerships with FinTechs to provide wallet infrastructure.