Lithic and Monavate team to build card programmes using fiat and digital services
Lithic has partnered with Monavate to offer a unified platform for creating and scaling card programs that utilize both fiat and digital currencies. Monavate, a regulated payments program manager owned by Exodus Movement, enables customers to streamline their card issuance processes through this collaboration.
The integration aims to simplify the journey for businesses looking to leverage modern financial technologies. By harnessing Lithic's innovative processing capabilities and Monavate's regulatory expertise, companies can more readily tap into both traditional and cryptocurrency markets.
Key takeaways
- ▸Lithic provides card issuer processing services to develop card programs.
- ▸Monavate offers regulatory support as a payments platform and program manager.
- ▸The partnership targets companies needing solutions for both fiat and digital currency card issuance.
Why this matters
This partnership positions Lithic and Monavate to capitalize on the growing demand for integrated payment solutions that bridge the gap between traditional and digital currencies. It strengthens their competitive edge in the evolving payments landscape, allowing businesses to rapidly adapt to changing consumer preferences for both fiat and crypto transactions.
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