MVB Bank and its subsidiary Victor announced they have partnered with NYDIG to integrate Bitcoin into MVB’s Banking-as-a-Service (BaaS) solutions. According to a press release published on 7 September, the partnership will allow MVB’s fintech clients to offer a wide variety of Bitcoin products.
The company’s BaaS solution will be powered by NYDIG’s regulated, full-stack platform and used to service its 50+ clients. Fintech companies looking to integrate Bitcoin into their offering will now be able to access a turnkey solution that can deliver both traditional banking products and a range of Bitcoin products, including trading and rewards.
Patrick Sells, NYDIG’s Chief Innovation Officer, said that the company’s partnership with MVB represents an important milestone for Bitcoin.
“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,” he explained in the company’s press release. “I can’t wait to see how this partnership will help MVB’s clients across fintech, gaming, and beyond to continue to innovate.”
MVB created the Victor platform to make it faster and easier to launch and scale various fintech, gaming, digital asset, and payment solution. Matt West, MVB’s Chief Strategy Officer, said Victor’s developer-friendly APIs have significantly accelerated the timeline to launch this program and have been one of the main reasons why NYDIG chose to leverage the platform.