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Seeking Alpha 2021-09-07 20:40:15

MVB Financial stock jumps 6.0% after forming bitcoin partnership with NYDIG

MVB Financial (NASDAQ:MVBF) stock climbs 6.0% after its bank unit and its Victor Technologies subsidiary team up with NYDIG, to integrate bitcoin (BTC-USD) into its banking-as-a-service solutions. The partnership will allow MVB's fintech clients to offer bitcoin-related products, using NYDIG's regulated full-stack platform, alongside the banking products MVB already offers. MVB Bank currently has more than 50 fintech, payments, and gaming clients that offers its diversified banking and payments solutions. "Now the industry has its first turnkey platform to seamlessly deliver white label banking and bitcoin products side by side," said Patrick Sells, NYDIG's chief innovation officer. In June, Q2 Holdings partnered with NYDIG to provide integrated bitcoin solutions.

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