Zero Hash taps Plaid to add ACH Bank Transfers to its B2B2C crypto-as-a-service
Zero Hash users can now complete fiat-to-crypto and crypto-to-fiat trades, and even pre-fund a trading wallet with fiat bank deposits without leaving their preferred platform or app.
In a move that promises to significantly ease the way consumers interact with digital assets, Zero Hash, a leading crypto infrastructure platform, has partnered with Plaid, a network that powers the digital financial ecosystem. This partnership will allow customers to initiate both buys and sells of crypto via Automated Clearing House (ACH) bank deposits and withdrawals.
The partnership enables Zero Hash customers to embed bank account linking and customize ACH-funded crypto trades directly within their platforms. “Consumers want a seamless onboarding experience and speedy access to funds when engaging with crypto. This partnership enables speed, simplicity, and security,” said Edward Woodford, CEO of Zero Hash. Plaid’s technology, which is integrated into over 12,000 banks and used by more than 8,000 platforms, will power these transactions.
Easier to move money into and out of digital asset accounts
Users can now complete fiat-to-crypto and crypto-to-fiat trades, and even pre-fund a trading wallet with fiat bank deposits without leaving their preferred platform or app. “By integrating with Plaid, Zero Hash is making it fast, safe and easy for people to move money into and out of their digital asset accounts,” said Tamara Romanek, Head of Partnerships at Plaid.
Crypto-focused companies can also leverage Zero Hash’s full API stack, which includes regulated custody, liquidity, and settlement services, to launch crypto products in a matter of weeks. Zero Hash provides access to over 50 digital assets across 22 blockchains. The secure data exchange between the two companies ensures top-notch compliance, fraud, and security practices.
Zero Hash is a B2B2C crypto-as-a-service infrastructure platform that facilitates the embedding of digital assets into customer experiences through API endpoints. Backed by investors like Point72 Ventures, Bain Capital Ventures, and NYCA, Zero Hash holds the necessary regulatory licenses to offer a range of crypto products in various jurisdictions, including the U.S., Canada, Australia, and New Zealand.
The partnership comes at a time when the ease of transaction is becoming a crucial factor in the broader adoption of digital assets. By offering a seamless and secure bridge between traditional banking and the crypto world, Zero Hash and Plaid are aiming to reduce payment complexities and compliance concerns, thereby encouraging more participation in the burgeoning digital asset market.
