Zero Hash selected as crypto infrastructure partner of UMA’s payments standard
Zero Hash’s full-stack API will offer regulated liquidity, custody, and settlement services, allowing end-users to seamlessly and compliantly integrate with UMA.
Zero Hash, a leading crypto infrastructure platform, has announced its role as a founding infrastructure partner for Universal Money Addresses (UMAs), a new open-source standard that aims to simplify international money transfers.
The UMA standard merges human-readable Lightning Addresses with global payment rails, making the process of sending money—whether fiat or crypto—as straightforward as sending an email.
“Further validation of Zero Hash in the crypto-as-a-service category”
This partnership promises to be a game-changer in the realm of international payments and money transfers. Zero Hash will leverage its robust crypto infrastructure to enable businesses to incorporate UMAs into their customer experiences. This will facilitate near-instant, low-cost, cross-border transactions for users.
Edward Woodford, Founder and CEO of Zero Hash, expressed enthusiasm about the new venture: “Being invited as a founding infrastructure partner to UMA is further validation of Zero Hash’s trusted and innovative capabilities in the crypto-as-a-service category.”
David Marcus, Co-Founder and CEO of Lightspark, also praised Zero Hash’s role: “Zero Hash has proven capabilities and will play a vital role in simplifying the journey for users to onramp to UMA to experience the transformational benefits of 24/7, near real-time instant money movement worldwide.”
Zero Hash’s full-stack API will offer regulated liquidity, custody, and settlement services, allowing end-users to seamlessly and compliantly integrate with UMA.
The company already provides a turnkey solution that handles the backend complexity and regulatory licensing required to offer crypto products. It serves a range of clients including neo-banks, broker-dealers, and payment groups, and offers services like digital asset trading and custody, as well as crypto-backed rewards programs. Zero Hash is backed by notable investors like Point72 Ventures, Bain Capital Ventures, and NYCA.
Zero Hash is a FinCEN-registered Money Service Business and is licensed to operate in multiple jurisdictions, including 51 US states and Canada. In Australia, it is registered with AUSTRAC as a Digital Currency Exchange Provider, and in New Zealand, it is on the register of financial service providers.
This partnership is poised to disrupt traditional payment systems, offering a more efficient, cost-effective method for global money transfers, and could play a significant role in accelerating the mainstream adoption of cryptocurrencies and digital assets.
