Category: Industry insights

Zero Hash partners with Plaid to enable a seamless crypto on and off-ramp via ACH bank transfers

Zero Hash customers can now enable their users to instantly connect their financial accounts to pre-fund a wallet or facilitate real-time buy and sell crypto trades

CHICAGO, Oct. 24, 2023 (GLOBE NEWSWIRE) — Zero Hash, the leading crypto infrastructure platform, announced their partnership with Plaid, a network powering the digital financial ecosystem, to enable Zero Hash customers to offer buys and sells of crypto via ACH bank deposits and withdrawals.

Zero Hash and Plaid’s mutual customers can now embed bank account linking, and customize ACH-funded crypto trades. Plaid’s technology is a familiar and trusted payments rail, integrated into more than 12,000 banks and used by over 8,000 platforms. Powered by Plaid Transfer, Zero Hash now offers access to widely connected and secure bank transfer payments that enable a user to complete fiat to crypto and crypto to fiat trades, and to pre-fund a wallet with fiat bank deposits for trading later, without having to leave the platform or app or take out a debit card.

Plaid customers and other crypto focused companies can leverage Zero Hash’s full API stack: regulated custody, liquidity, and settlement to launch crypto products in weeks. Zero Hash provides access to 50+ digital assets, across 22 blockchains and a range of crypto products; buy/sell, deposit/withdraw, crypto rewards and roundups, enabling customers to build a sophisticated crypto offering to their unique requirements and embed them natively in to their own customer experience.

The secure data exchange between Zero Hash and Plaid ensures that customer data is handled in line with the industry’s best compliance, fraud and security practices.

“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. “Bridging crypto and fiat payment rails is now core to Zero Hash’s crypto-as-a-service platform — by offering ACH bank transfers, we provide platforms the flexibility of different settlement mechanisms while reducing associated payment complexities and compliance concerns.”

“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. “Partners like Zero Hash ensure that the ecosystem is working to solve the needs of crypto users in reliable and efficient ways on top of stable, secure and sophisticated infrastructure.”

Read the full press release