Gemini Inks Deal with Payments Platform Plaid for UK Payments

Gemini, a US-based cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f Read this Term, said on Thursday that it had arranged a partnership with Plaid, an open banking and payments platform, to allow UK customers to buy cryptos through their bank accounts.

By integrating Gemini, customers will no longer have to enter their bank details or pay any additional fees to make deposits into their accounts. Plaid now offers secure payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and transfers for Gemini users, including Apple and Google Pay.

Plaid is already used by Gemini account holders in the US to verify identity, connect to their bank and fund their accounts.

Earlier this month, Plaid announced partnerships with Gemini, Binance.US, SoFi and Robinhood. With the payments platform, more users will be able to fund their crypto accounts, and businesses will be able to support their customer onboarding processes.

Comments from the Head of UK at Gemini

“Integrating with Plaid in the UK supports Gemini’s mission to increase the accessibility of crypto to more people around the world. Our UK users can now make payments from their bank accounts in minutes, without having to leave the Gemini app. 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, 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,” Blair Halliday, the Head of UK at Gemini, commented.