Business
MVB Bank, Victor and NYDIG Announce Partnership to Offer Industry’s First White Label Bitcoin and Banking Platform to Fintechs
Partnership to Integrate Bitcoin Products into MVB Bank’s Industry-Leading Banking-as-a-Service Offering for Fintechs, Powered by NYDIG’s Secure, Regulated,
About this update from Mvb Financial Corp.
[{"type":"text","content":"\nPartnership to Integrate Bitcoin Products into MVB Bank’s Industry-Leading Banking-as-a-Service Offering for Fintechs, Powered by NYDIG’s Secure, Regulated, Full-Stack Bitcoin Platform\n\n FAIRMONT, W.Va. & NEW YORK--(BUSINESS WIRE)--\nMVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. (“MVB Financial”) (NASDAQ: MVBF) (collectively “MVB”) and Victor Technologies, Inc. (“Victor”), a wholly-owned subsidiary of MVB Edge Ventures, Inc., today announced a partnership with NYDIG, a leading 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.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210907005839/en/\nMVB Bank currently empowers more than 50 Fintech, Payments and Gaming clients and millions of their clients via its diversified banking and payments solutions.\n\n“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.”\n\n“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.”\n\nFintechs 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.\n\n“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 h...