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

October 24, 2023 at 09:00 AM EDT

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.”

About Zero Hash

Zero Hash is a B2B2C crypto-as-a-service infrastructure platform that allows any platform to embed digital assets natively into their own customer experience quickly and easily through a matter of API endpoints. Zero Hash’s turnkey solution handles the entire backend complexity and regulatory licensing required to offer crypto products.

Zero Hash Holdings, through its subsidiaries, powers neo-banks, broker-dealers, payment groups as well as non-financial brands to offer digital asset trading and custody, crypto-backed rewards and round-ups programs.

Zero Hash Holdings is backed by investors, including Point72 Ventures, Bain Capital Ventures, and NYCA.

Zero Hash LLC is a FinCen-registered Money Service Business and a regulated Money Transmitter that can operate in 51 US jurisdictions. Zero Hash LLC and Zero Hash Liquidity Services LLC are licensed to engage in virtual currency business activity by the New York State Department of Financial Services. In Canada, Zero Hash LLC is registered as a Money Service Business with FINTRAC.

Zero Hash Australia Pty Ltd. is registered with AUSTRAC as a Digital Currency Exchange Provider, with DCE registered provider number DCE100804170-001. This registration enables Zero Hash to offer its crypto services in Australia. Zero Hash Australia Pty Ltd. is registered on the New Zealand register of financial service providers, with Financial Service Provider (FSP) number FSP1004503. A FSP in New Zealand is a registration and does not mean that Zero Hash Australia Pty Ltd. is licensed by a New Zealand regulator to provide crypto services. Zero Hash Australia Pty Ltd.’s registration on the New Zealand register of financial service providers does not mean that Zero Hash Australia is subject to active regulation or oversight by a New Zealand regulator.

Connect with Zero Hash on LinkedIn, or visit www.zerohash.com for more information.

Zero Hash Contact

Shaun O’keeffe

(855) 744-7333

media@zerohash.com

Disclosures

Zero Hash services and product offerings may not be available in all jurisdictions. Zero Hash accounts are not subject to FDIC or SIPC protections, or any such equivalent protections that may exist outside of the US.