Rocketplace Partners with BankProv to Support Crypto Trading Platform with Traditional Banking Payment Rails
Rocketplace & BankProv Partnership
BankProv, a forward-thinking commercial bank focused on new sectors, has teamed with Rocketplace, a California-based cryptocurrency exchange, to deliver Banking-as-a-Service infrastructure and crypto-friendly banking solutions for Rocketplace’s next digital asset platform. Rocketplace will include BankProv’s deposit and payment services directly into its digital asset trading platform and will make use of Modern Treasury, a payment operations platform that enables quicker, more efficient payments and reconciliation.
BankProv, which has been legally functioning as The Provident Bank since its foundation in 1828 and is a subsidiary of Provident Bancorp, will power the On and Off-Ramps that will connect fiat (USD) to cryptocurrency, allowing Rocketplace users to deposit, trade, and withdraw cash fast. Whether you’re a first-time dealer or a seasoned veteran, Rocketplace eliminates the uncertainty associated with purchasing and selling cryptocurrencies by making it simple to acquire, sell, and trade Bitcoin and cryptocurrency 24 hours a day from a single profile.
Rocketplace, founded by Louis Beryl and Benjamin Hutchinson, believes that cryptocurrencies should be accessible to all traders. The platform has a “learn while you earn” strategy, delivering common analyses and articles to aid their consumers in navigating the business, allowing them to flip far less frequently and make more informed investment decisions.
Quotes
Louis Beryl, CEO at Rocketplace, said: “Digitally native consumers are demonstrating a clear preference for services that offer speed and trust. By partnering with BankProv, Rocketplace is equipped to meet this consumer demand through instant deposits and fast, commission-free trading of their favorite cryptocurrencies.”
Dave Mansfield, CEO of BankProv, added: “Rocketplace’s commission-free trading will change the game for digital asset platforms. 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.”
