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Bitcoin latinum to boost crypto adoption with Vast Bank partnership

El Salvador

TL;DR Breakdown

  • Bitcoin Latinum partners Vast Bank to improve crypto partnership.
  • Partnership to focus on deal flow, integration among others.

 Bitcoin Latinum, the secure, next-generation, insured, asset-backed cryptocurrency has announced its strategic partnership with Vast Bank, a trusted family-owned financial institution serving customers since 1982. 

The partnership will focus on opportunities for collaboration, deal flow, and integration among Vast Bank, Bitcoin Latinum, and Monsoon Blockchain Corporation (Bitcoin Latinum’s lead developer) all through the support of Bitcoin Latinum as a custodial currency.

“We are very excited to announce our latest groundbreaking partnership with the industry-leading Vast Bank,” said Monsoon Blockchain Corporation CEO, Dr. Donald Basile. “Their efforts to bring the promise of blockchain technologies to the banking system will allow consumers access to a greener, faster, and more secure version of Bitcoin.”

Before partnership with Bitcoin Latinum, Vast bank already enhancing crypto adoption

Standing at the forefront of cryptocurrency integration, customers of Vast Bank can buy and sell cryptocurrencies from any location within the U.S. using the Vast Bank Crypto Banking mobile app. Earlier this year, Vast Bank became the first nationally chartered bank in the U.S. to offer customers the capability to buy and sell cryptocurrencies alongside a traditional checking account, providing customers with the same convenient, personalized service they have already come to expect from a leading financial institution.

Vast Bank aims to set a new standard for democratizing access to cryptocurrency by enabling customers to simultaneously manage both their bank and crypto accounts side-by-side in a high-tech and secure user interface, powered by world-class software. The Vast Bank Crypto Banking service is powered by Vast’s integrations with Coinbase and SAP.

“Throughout our nearly 40-year history, our commitment to customer service has been at the heart of everything we do. When our customers asked us why they could not securely buy Bitcoin and other cryptocurrencies using their bank accounts, we were driven to develop an end-to-end solution enabling them to do so on a platform they know they can trust,” said Brad Scrivner, CEO of Vast Bank. 

Bitcoin Latinum currently trades publicly on DigiFinex and Hotbit exchanges, under the ticker LTNM. Monsoon Blockchain Corporation has announced plans for Bitcoin Latinum to officially list on ten top-tier public exchanges by the end of 2021. In addition to DigiFinex and Hotbit, the exchanges are: HitBTC (the fifth largest exchange by volume at $4 billion), FMFW (formerly Bitcoin.com and operating with $3.3 billion in daily trading volume), Changelly ($2.71 billion in daily volume), Bitmart ($1.6 billion in daily volume), AAX Exchange ($1.3 billion in daily volume), LBank Exchange($1.35 billion in daily volume), Changelly Pro, and XT.com.

Muhaimin Olowoporoku

Muhaimin Olowoporoku

Muhaimin loves writing on crypto news aside from being a crypto enthusiast. He has a knack for analysing issues and updating people on what's happening around the globe. He believes that blockchain and cryptocurrency are the most useful systems of mutual trust ever devised.

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