Unlimint Launches Crypto Solution GateFi

London-based fintech Unlimint, previously known as Cardpay, has dived into the cryptocurrency space with the launch of GateFi, which will enable developers to connect traditional payment networks with blockchains.

The new crypto-focused solution will allow users to exchange fiat money for crypto and crypto for fiat money. In addition, the company is aiming at the growing Web3 hype as the new platform would offer an onboarding solution for Web3 applications.

The next generation of fiat onramp has arrived! ⚡@Unlimint launches its new #GateFi solution that securely bridges between Web2 #payment rails & #Web3 #blockchain networks, enabling users across the globe to seamlessly exchange fiat money to #crypto. 🙌https://t.co/O7WSoykjGn

— Unlimint (@Unlimint) November 2, 2022

“Payment infrastructure has always been a core component of the money lego set for dapp Dapp A dapp, or decentralized application, is a computer application that runs on a distributed network. Dapps are most commonly associated with the blockchain networks that support them, such as Ethereum.Because dapps are decentralized, they do not exist under the purview of a centralized custodian or authority. The original Ethereum white paper effectively splits dapps into three types. This includes apps that manage money, apps where money is involved (but also requires another piece), and apps d A dapp, or decentralized application, is a computer application that runs on a distributed network. Dapps are most commonly associated with the blockchain networks that support them, such as Ethereum.Because dapps are decentralized, they do not exist under the purview of a centralized custodian or authority. The original Ethereum white paper effectively splits dapps into three types. This includes apps that manage money, apps where money is involved (but also requires another piece), and apps d Read this Term developers to onboard real-world users to the world of Web3. At Unlimint, we see this new solution as the future,” said Jack Jia, the Head of GateFi at Unlimint.

“We will build with the builders, and unlock key innovations to reign in a new era of crypto adoption for Defi, NFT, and Gamefi. GateFi is set to break down the walls currently in place, allowing users complete payment freedom.”

Unilimint onboarded Jia in October to head its newly established crypto platform. He has been associated with the crypto industry since 2013, working for various companies, including Consensys.

Bringing Traditional Payments Expertise into Crypto

With its headquarters in London and presence in major financial hubs like Frankfurt, Singapore, São Paulo, Hong Kong and Mexico, Unlimint offers an all-in-one payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term solution that includes corporate accounts, acquiring, crypto and now BaaS.

The company’s crypto solution came a couple of months after introducing a banking-as-a-service (BaaS) product. The BaaS product offers more than 150 APIs to allow businesses to customize their payment offerings. Furthermore, it includes crypto-to-fiat conversion.

“By combining our experience as a traditional payment company, with longstanding trusted networks, to forward-thinking ideas and current trends around crypto, we are positive GateFi will deliver a unique experience within the decentralized and blockchain world, preparing our clients for tomorrow,” Jia added.