UK customers of the Gemini exchange will have an easier time acquiring cryptocurrency. With the help of Plaid, these users can now directly purchase through their bank accounts. It is another feather in the cap of the crypto industry, which continues to build more mainstream onramps.
Plaid Helps Gemini In The UK
Convenience is essential when trying to onboard more cryptocurrency users. The best way to achieve that goal is by supporting commonly used payment methods. Plaid, the open banking and payments platform, will be of great value to the Gemini crypto exchange. With its help, UK-based Gemini users can now buy cryptocurrency directly through their bank accounts.
More specifically, UK users can make Gemini account deposits without paying extra fees or entering extra bank details. It is a big step toward more secure payments and transfers through Plaid, including using Apple and Google Pay. Moreover, the move further strengthens the partnership between Plaid and Gemini, as similar solutions already exist in the United States.
Gemini Head of UK Blair Halliday adds:
“One of the main barriers to building a digital asset portfolio has always been the issue of how to convert fiat currency into cryptocurrency, for example, by moving money from a bank account into a crypto account. Our ability to offer Gemini users multiple secure payment methods, from Apple Pay and Google Pay, to debit cards and now transfers through Plaid, represents significant progress in solving this problem. We are delighted to continue providing customers with an easier experience to fund their crypto accounts.”
Plaid continues to make inroads among various cryptocurrency exchanges. The UK outfit has secured partnerships with Gemini, Binance.US, SoFi, and Robinhood in recent months. Those integrations will enhance the mainstream accessibility of crypto assets and support businesses in onboarding millions of users.