Vite Labs Strikes A Strategic Deal With MXBank

Vite Labs, a vibrant asynchronous decentralized application ecosystem, has formed a partnership with MXBank, a crypto asset bank that is still in its developmental stages. The deal will see Vite Labs avail technological infrastructure to MXBank to assist the bank to become compatible with its systems. In this regard, Vite will send their ecosystem fund leader to MXBank to assist in the completion of the exchange. In exchange, the MXBank will support the Vite token at its launch, making the cryptocurrency more popular, and therefore increasing its liquidity.

Similar to conventional banks, the MXBank seeks to secure and conveniently mange the assets of their clients. However, as noted earlier, this institution exclusively deals in digital assets such as virtual currencies. The bank heavily relies on smart contracts to provide services such as exchange, lending, investment and asset management.

The MXBank leadership team is richly endowed with individuals who have previously worked in leading corporations such as Google, Morgan Stanley, Bank of America Merrill Lynch, the Wall Street and many more. The bank’s CEO, Xinyi Liu, is an alumnus of the University of California Berkeley from where she attained a degree in Mathematics. Liu also worked at the Wall Street. Zhou Zhe, another prominent personality on the MXBank executive team, was one of the pioneering employees at Google. Zhou is responsible for the writing of the majority of AdWords (Google’s first advertisement platform) code. He has also contributed massively to the creation of Gmail, Google Maps, gRPC and so on.

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