NYDIG is a Bitcoin-based fintech company that has announced it will work with MVB bank in order to integrate its Bitcoin services within MVB’s banking service. This joint effort will enable third parties to integrate their bitcoin services into MVB’s banking as a service solution.

NYDIG & MVB Bank Partners to Integrate Bitcoin

NYDIG, a leading fintech solutions company focused on Bitcoin services, has announced a partnership with MVB Bank, a banking-as-a-service provider, to integrate its full bitcoin stack services into its platform. MVB Bank will be able to offer third parties a complete solution that can include fiat and Bitcoin banking at the same time, making it easier for customers to switch to cryptocurrency.

MVB Bank currently has over 50 institutional customers among fintech, payments, and gaming companies that use its Victor platform to provide services to their customers. Victor is a flexible and brandable financial technology company solution that provides all-in-one solutions. Victor’s existing customers as well as its new customers would be able to add bitcoin services to the platform without needing to do it themselves.

Matt West, CSO at MVB Bank, stated that

is the most important.

We are delighted that NYDIG chose Victor to integrate with MVB. Our developer-friendly APIs helped speed up the timeline for this exciting program.

White Label Solutions

Until now, very few companies have provided cryptocurrency-as-a service-enabled platforms. Due to lack of programming support, small banks and companies were unable to offer additional products. NYDIG and MVB will collaborate to create a solution that allows companies add their branding to the product and allow bitcoin integration on platforms their customers already use every day. This will allow for a seamless transition into bitcoin services.

NYDIG CIO Patrick Sells reflected on this by stating:

Until now, only a few fintech companies were able to offer Bitcoin services and products. This has been difficult. The industry now has its first platform that seamlessly delivers white label banking and Bitcoin products.

The companies did not provide details on when the integration would be available for customers to test.

What do you think about the new Bitcoin white label services offered by NYDIG and MVB Bank? Please leave your comments below.

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