back Back

MVB Bank, Victor and NYDIG announce partnership to integrate Bitcoin

By Edlyn Cardoza

September 08, 2021

Share

MVB Bank, Victor Technologies, NYDIG, Cryptocurrency, Blockchain, Bitcoin, USAMVB Bank, Inc., a wholly owned subsidiary of MVB Financial Corp. and Victor Technologies, Inc., a wholly owned subsidiary of MVB Edge Ventures, Inc., recently announced a partnership with NYDIG, a technology and financial services firm dedicated to Bitcoin, to integrate Bitcoin into MVB’s industry-leading Banking-as-a-Service (BaaS) solutions. This partnership will allow MVB’s FinTech clients to offer Bitcoin-related products – all powered by NYDIG’s secure, regulated, full-stack platform – alongside the banking products MVB enables today.

MVB Bank currently empowers more than 50 FinTech, Payments and Gaming clients and millions of their clients via its diversified banking and payments solutions.

“On today’s rapidly changing financial frontier, we are proud to partner with a firm like NYDIG,” said Larry F. Mazza, CEO and President, MVB Financial. “NYDIG has a vision to make Bitcoin more accessible. Adding Bitcoin functionality to MVB’s already industry-leading Banking-as-a-Service solutions will propel that vision into reality and help our clients compete.”

“MVB created the Victor platform to make it faster and easier to launch and scale FinTech, Gaming, Digital Asset and Payments solutions,” said Matt West, Chief Strategy Officer, MVB Financial, and Executive Chairman, Victor. “We are thrilled that NYDIG chose to leverage Victor to integrate with MVB and that our developer-friendly APIs accelerated the timeline to launch this exciting program.”

FinTechs looking to integrate Bitcoin into their offering will now have a turnkey solution capable of delivering both traditional banking products and a range of Bitcoin products such as trading and rewards.

“Our partnership with MVB represents an important milestone for Bitcoin,” said Patrick Sells, NYDIG Chief Innovation Officer. “Up to this point, only a select few FinTech companies have been able to offer Bitcoin products and services, and it has been difficult to achieve. Now the industry has its first turnkey platform to seamlessly deliver white label banking and Bitcoin products side by side. I can’t wait to see how this partnership will help MVB’s clients – across fintech, gaming and beyond – to continue to innovate.”

Previous Article

September 08, 2021

PPRO integrates Jenius Pay, LinkAja into Indonesia’s payments market

Read More
Next Article

September 08, 2021

SWIFT publishes paper on importance of digitising trade

Read More








IBSi Daily News Analysis

March 22, 2024

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 28, 2024

5 Major FinTech Acquisitions announced in March 2024

Read More

March 28, 2024

Tempo France suspends classical remittances, to focus on DeFi

Read More

March 28, 2024

Sindhuja Microcredit secures $14.5m in Series C Funding round

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023