Nydig cooperates with MVB Bank to offer white label bitcoin solutions-Bitcoin News

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nydig, a fintech company based on Bitcoin, has announced that it would work with MVB Bank to integrate its Bitcoin services into the MVB Banking-As-A-Service solution. The joint effort will enable the development of a White label solution that enables third parties to supplement your financial services with Bitcoin functionalities without having to develop these systems yourself.

Nydig and MVB Bank work together to integrate Bitcoin

nydig, a leading fintech solving company with a focus on Bitcoin services, has announced that partnership with MVB Bank, a banking-as-a-service provider to integrate his full Bitcoin stack services into its platform. This will enable the MVB Bank to offer third parties a complete solution that could include Fiat and Bitcoin banking, which facilitates the onboarding of its customers in the cryptocurrency.

MVB Bank currently has over 50 institutional customers among FinTech, payment and gaming companies that use their Victor platform to offer their customers services. Victor aims to offer financial technology companies an all-in-one solution that is adaptable and enabled. The current and new Victor customers would have the option of adding Bitcoin services to the platform without having to do this for themselves.

also said Matt West, CSO of MVB Bank:

We are pleased that Nydig has chosen the integration of Victor in MVB and that our developer -friendly APIs have accelerated the schedule for the introduction of this exciting program.

White label solutions

Up to now only very few company have made cryptocurrency-a-service-capable platforms. This meant that small companies and small banks could not offer any other products because there was a lack of staff to program them. The joint collaboration between Nydig and MVB will produce a solution that enables companies to add their own branding to the product and to offer Bitcoin integration in platforms that their customers already know and use every day. This should enable a seamless transition to Bitcoin services.

The Cio by Nydig, Patrick Sells, thought about it and said:

So far, only a few selected FinTech companies have been able to offer Bitcoin products and services, and this was difficult to achieve. Now the industry has its first turnkey platform to seamlessly offer white label banking and bitcoin products.

The companies did not provide any information about when this integration would be ready for testing with customers.

What do you think of the new Bitcoin White label services offered by Nydig and MVB Bank? Tell us in the comment area below.

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