Please Confirm Two-Factor Authentication Need some help?Error 404 Page not found , writing our support team at , or sending us a help desk ticket., he used an unconventional method of payment known as bitcoin.Cholak, the lead investment associate for USAA’s Corporate Development team, doesn’t shy away from new trends or technology and has also paid for meals and made charitable donations with bitcoin.Bitcoin is a type of virtual currency that can be sent from one person to another without the need for a third party such as a bank or other financial institution.It is global, decentralized and digital.Cholak and more than 11,000 USAA members have accounts with an online payment wallet called Coinbase, where bitcoins can be bought, sold, received and stored.The digital wallet allows members to send digital money instantly to anyone in the world. and the USAA Mobile App., and in March, on the USAA Mobile App.“Traditionally, USAA is very good about getting in front of emerging technology trends,” says Cholak, who has been researching cybercurrency for the enterprise since 2014.

“What we’re developing is at the forefront of the financial services industries.” Coinbase member Carl Mehner, a senior information security analyst at USAA, was a participant in the pilot program.“It’s pretty neat to see my bitcoin balance immediately when I log on,” Mehner says.Another participant, Donald Berg, a software engineer at USAA, began mining for bitcoin currency in 2013.Bitcoin miners use software to solve math problems and are issued a certain number of bitcoins in exchange.Berg exchanges the bitcoins he earns for cash.He was glad to see USAA launch the Coinbase pilot.“Bitcoin could easily be the currency of tomorrow,” Berg says.Each bitcoin currently is worth more than $400 after reaching a high of $1,242 in 2013.Learn more: Are there security concerns in aggregating Coinbase accounts?Aggregating a Coinbase account is easy and secure.Thanks to OAuth (Open Authentication) technology, USAA receives an access token to retrieve Coinbase account information, never storing Coinbase account credentials.

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