BITCOIN

Former vice president of major crypto exchange Coinbase Dan Romero confirmed that the US-headquartered trading platform is able to transfer billions of dollars to Bitcoin (BTC) via the US Automated Clearinghouse (ACH) system, a large electronic fund transfer system that Handles payments in the country.

Romero pointed out that while using the ACH system for bitcoin transactions may be convenient, it is reversible and thus "fraud-prone." He notes that Coinbase is able to use ACH in large part due to "provides plaid" as Plaid provides. This is "a lesser part of the story of crypto adoption in America."

Acquired by Visa

Plaid co-founder and CEO Zac Perrett revealed on 13 January that the company had been acquired by Visa, the giant payment firm. Plaid provides the necessary tools and access to build a digitally enabled financial system.

Located in San Francisco, California, Plaid is a technology platform designed to make it easy and secure for startups and large financial institutions to develop innovative financial services and applications.

"Nobody had heard of fintech" when the Plaid was first launched.

He says that when Plaid was first launched, "nobody had heard of fintech," or financial technology. Today, the fintech ecosystem has grown much larger than it was a few years ago, Perrett has revealed. He argues that "there has been considerable improvement in the way consumers live their financial lives".

He mentions that consumers now use convenient fintech services to pay utility bills, send money to their friends, help them save, manage educational loans, and create budgets to achieve their financial goals. Are dependent.

Plaid aims to better serve its customers and business partners by leveraging the Visa brand, company resources and international presence.

He also notes that Plaid's management was heavily influenced by the visa team as the two companies share the same vision when it comes to developing the future of financial services. Perrett confirmed that Visa wants it to function as an independent business, so that they can focus on what they are already doing.