Plaid, the San Francisco-based fintech firm occupies a prominent position in the financial services realm of the United States. They have been developing top-notch fintech that enables American citizens to seamlessly link apps with the banking system since 2013. As the latest development, the fintech company shared via blogging that they are teaming up with the much-acclaimed UK-based crypto exchange Gemini in a bid to serve their mutual interests towards cryptocurrencies.
The US-based fintech company who has roots in many Western countries like the United Kingdom, France, and Canada is now ready to empower American and British crypto lovers. Their collaborative efforts with the major crypto exchange Gemini will see the two of them devising speedier methods and simplifying the process of establishing crypto accounts. The two firms are also reportedly looking for innovative avenues through which they can expand their experience in the field of digitalized assets. They are attempting to surpass the limits of conventional financial setups and pave the way for new crypto users with ease of automation in mind.
The fintech firm has been trying since the last year to throw open its doors to the best that crypto has to offer. They admitted the advent of crypto is still being met with some roadblocks. These predicaments come in the form of hesitancy to openly embrace crypto as the new-age mode of payment and lack of know-how. The problem of presenting a person’s authentic records for confirmation and technicalities of setting up crypto accounts were also mentioned. This venture however will aim to conquer all these issues. Gemini and Plaid’s unified project is set to initiate a whole new wave of users to make the jump towards blockchain-supported payments.