29 Jan '15, 11pm
USAA: Our Members Are 'Actively Engaged' in Bitcoin
USAA's recent entrance into the bitcoin space may have been driven, in part, by interest in the technology among its own membership. The Fortune 500 financial services company, based in Texas, was among a diverse group of investors that took part in Coinbase's $75 million Series C funding round , which was announced earlier this month. USAA , founded in 1922, focuses primarily on the US military and veteran market. The financial group's head of corporate development, Vic Pascucci, said that USAA envisions digital currencies playing a possible role in future services, and cited internal data that points to interest in bitcoin among its customers. Pascucci told CoinDesk: “We see great future potential in bitcoin and digital currencies to allow us to better serve our members. We’re starting to see USAA members embrace bitcoin. Our research shows that USAA members are more act...