In the world of cryptocurrency investments, on-ramping – the process of transferring fiat currency to digital assets – is a critical factor in determining the success and ease of trading for retail investors. Yield App, a digital wealth management platform that allows users to invest in cryptocurrencies easily and securely, is well aware of this fact. As a result, the platform has announced its partnership with Volt, a global real-time payments gateway, to provide additional GBP and EUR on-ramps via Faster Payments (FPS) and SEPA Instant.
Details on the partnership
Traditionally, on-ramping involves a lengthy process that includes manual bank transfers or the use of debit/credit cards for users to fund their accounts before investing. However, Yield App’s integration of Volt’s pan-European open banking solution streamlines this process, allowing customers to purchase cryptocurrencies in real-time directly with their bank. The two-step process involves authorizing transactions with Face ID or biometric authentication from the user’s banking app.
Benefits of Open Banking-Powered On-Ramping
Open banking-powered on-ramping has emerged as the faster, easier, and more secure way to invest in cryptocurrencies. It offers customers an enhanced payment experience for the digital age. By connecting to 1,800+ banks across the continent, Volt’s solution allows Yield App customers to benefit from secure and frictionless payments using trusted banking institutions.
Significance of the partnership between Yield App and its customers
The partnership with Volt is a strategic move by Yield App to provide its customers with a seamless experience when accessing the platform’s full suite of products. With the integration of additional payment options on Yield App, customers can now unlock the full potential of their digital assets. Gero Piskov, Card and Payments Manager at Yield App, said that the company wants the industry to embrace open banking solutions so that retail crypto investors aren’t left out in the cold.
Advocating for the Latest Payment Technologies
As advocates of the latest payment technologies, Yield App is thrilled to partner with Volt to provide customers with fast, secure, and seamless transactions directly from their banking app. The partnership showcases the use of open banking in an environment that offers users a whole new level of returns for their crypto assets.
Benefits of Open Banking for purchasing Cryptocurrency
According to Kat Marangos, Volt’s VP Strategic Accounts, purchasing cryptocurrency is a perfect use case for open banking, which is safer and more convenient than using cards or manual bank transfers. The integration of additional payment options on Yield App offers customers a secure and convenient way to invest in cryptocurrencies, further reducing the barriers to entry for retail investors.
Showcase of Open Banking in an Environment That Offers a New Level of Returns
The partnership between Yield App and Volt provides customers with a whole new level of returns from their crypto assets. The platform’s user-friendly interface, paired with Volt’s solution, showcases the use of open banking in a way that makes investing in cryptocurrencies a breeze. The combination of real-time payments and biometric authentication further enhances the security and ease of investing through Yield App.
In conclusion, Yield App’s partnership with Volt marks a significant step towards a more seamless and secure investment experience for retail crypto investors. The integration of open banking solutions and the streamlining of onboarding allows customers to invest easily and securely while unlocking the full potential of their digital assets. With the showcase of open banking in an environment that offers a new level of returns, it is clear that the future of cryptocurrency investments lies in this innovative solution.