BankProv Partners with Rocketplace to Support Crypto Trading Platform with Traditional Banking Payment Rails
BankProv has partnered with Rocketplace to offer Banking-as-a-Service (BaaS) solutions for its cryptocurrency exchange platform. This collaboration will provide Rocketplace with access to essential banking services, including white-labeled deposit products and enhanced payment solutions for users. The partnership aims to integrate traditional banking features with a commission-free trading experience for cryptocurrencies, thus facilitating smoother transactions for customers. Both companies emphasize the importance of speed and user trust in the evolving digital asset landscape.
- Partnership with Rocketplace enhances BankProv's Banking-as-a-Service offerings.
- Integration of services allows for seamless fiat-crypto transactions.
- Commission-free trading attracts more users to Rocketplace's platform.
- None.
AMESBURY, Mass., March 2, 2022 /PRNewswire/ -- BankProv, a future-ready commercial bank that offers adaptive and technology-first banking solutions to emerging industries, has partnered with Rocketplace, a California-based cryptocurrency exchange, to provide Banking-as-a-Service infrastructure and crypto-friendly banking solutions for its latest digital asset platform.
Through this partnership, Rocketplace will utilize BankProv's innovative Banking as a Service (BaaS) offering to support its need for access to core banking services, including white-labeled deposit products and payment rails. BankProv will power On and Off-Ramps to bridge the gateway from fiat (USD)-crypto, allowing Rocketplace users to quickly deposit, trade, and withdraw funds. Together, they are combining the benefits of Rocketplace's 24/7, commission-free cryptocurrency exchange with traditional banking features to deliver a seamless investment management experience.
Rocketplace will integrate BankProv's deposit and payment services directly into its digital asset trading platform and utilize Modern Treasury, a payment operations platform driving faster, more efficient payments and reconciliation
"Digitally native consumers are demonstrating a clear preference for services that offer speed and trust," said Louis Beryl, CEO at Rocketplace. "By partnering with BankProv, Rocketplace is equipped to meet this consumer demand through instant deposits and fast, commission-free trading of their favorite cryptocurrencies."
Whether you're a first-time trader or a seasoned pro, Rocketplace takes the guesswork out of buying and selling cryptocurrency while making it easy to buy, sell, and trade Bitcoin and cryptocurrency 24/7 from one single profile. Founded by Louis Beryl and Benjamin Hutchinson, Rocketplace believes that cryptocurrencies are an asset class that should be approachable to all investors. The platform takes a "learn while you earn" approach by offering regular research and articles to help their users navigate the industry so users can toggle less and invest smarter.
"Rocketplace's commission-free trading will change the game for digital asset platforms" said Dave Mansfield, CEO of BankProv. "This partnership is one of the first in the industry to support a crypto-related business with banking as a service solution – further solidifying our mission to provide much-needed banking services to the industry."
About Rocketplace
Based in Palo Alto, Rocketplace is a cryptocurrency platform serving retail investors in the United States. Rocketplace offers simple trading tools, commission-free buying and selling, free industry research, same-day trading for new users, and a customer service team comprised of people, not chatbots. Rocketplace is backed by investors including Accomplice VC, Better Tomorrow Ventures, Quiet Capital, Combine VC, Goat Capital, and Capital B. For more information about Rocketplace, please visit rocketplace.com.
About BankProv
BankProv, legally operating as The Provident Bank, is a subsidiary of Provident Bancorp, Inc. (NASDAQ: PVBC). BankProv is a future-ready commercial bank for corporate clients, specializing in offering adaptive and technology-first banking solutions to niche markets, including cryptocurrency, renewable energy, fin-tech and enterprise value lending with a focus on search fund loans. We are committed to offering state-of-the-art APIs (application programming interfaces) for all business clients and BaaS (Bank as a Service) partners. Through our offerings, BankProv insures
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Press Contact: Rachelle Petersen
Phone: 603-334-1255
Email: rpetersen@bankprov.com
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