Gemini Inks Deal with Payments Platform Plaid for UK Payments

Gemini, a US-based cryptocurrency exchange, said on Thursday that it 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 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, Head of UK at Gemini, commented.

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