DeFi
Velmie announces partnership with Bitlocus
Digital banking solutions provider Velmie announced a partnership with Bitlocusa fintech company specializing in decentralized finance (DeFi).
The collaboration aims to integrate Bitlocus’ DeFi capabilities with Velmie’s digital banking platform. This partnership aims to offer enhanced financial solutions combining traditional banking services with advanced DeFi offerings, with the aim of making DeFi and crypto services more accessible globally.
The collaboration between Velmie and Bitlocus aims to provide businesses and individual users with secure and scalable fintech solutions. It also aims to facilitate greater accessibility to DeFi and crypto services while providing comprehensive support for integrating these services into existing business frameworks. Essentially, both companies want to offer high-yield stakes and diversified investment opportunities through the Bitlocus ecosystem.
In the company’s press release, Velmie officials expressed excitement about the partnership, highlighting its alignment with Velmie’s commitment to enhancing the technological capabilities of financial institutions. Likewise, Bitlocus representatives highlighted the collaboration’s goal to streamline DeFi and crypto services, making them more efficient for businesses and individuals.
More information about the two companies
Founded in 2018 and based in Lithuania, Bitlocus is focused on bridging traditional finance with the evolving DeFi landscape through seamless fiat-to-crypto gateway solutions.
Velmie, on the other hand, specializes in providing banking, payments and remittance solutions with a strong focus on technology-enabled financial inclusion. In May 2024, Velmie has partnered with Metro Cablea Gigabit broadband internet service provider, to launch a digital wallet called Vult.
This partnership aimed to provide users with a secure platform for online transactions, managing deposits and withdrawals, paying bills, and managing money transfers in various currencies.