Unlimint Expands into the Crypto Space with the Launch of GateFi at Web Summit
- 02.11.2022 11:40 am
London-based global fintech Unlimint has, today, announced the launch of GateFi, marking their expansion into the crypto space. The solution allows users across the globe to seamlessly exchange fiat money to crypto and crypto to fiat money, while also acting as a Web3 onboarding solution, that opens the gates to Web 3 and DeFi for mainstream users everywhere. Unlimint is an award-winning global all-in-one fintech offering advanced payment capabilities through an evolving financial interface to startups and businesses across the globe. They have over 400 employees across 16 offices and five continents, including Frankfurt, Singapore, São Paulo, Hong Kong, and Mexico. GateFi will be officially launched during Web Summit in Lisbon from 1 to 4 November 2022.
The new crypto solution allows clients to pay from anywhere, any way they want, through any channel - enabling total payment freedom. In addition to this, GateFi provides decentralised app (dapp) developers the ability to connect traditional payment networks to public blockchain networks, offering a direct access point between the world of Web 2.0 and the world of Web 3.0. They can embed a widget to their website enabling users to on-ramp and off-ramp (exchange their fiat money for cryptocurrencies and crypto assets (like NFTs), and vice-versa). Dapp developers worldwide can benefit from Unlimint’s GateFi across several verticals, such as financial apps, social apps, NFTs, and gaming, and truly reach a global audience thanks to their vast portfolio of more than 1000+ directly integrated alternative payment methods - coverage that isn’t offered by any other solution on the market to date.
The company's cryptocurrencies strategy and the launch of the new solution is being led by crypto veteran Jack Jia, who recently joined Unlimint as Head of GateFi. Jia first started working in the industry in 2013 and he is the driving force behind GateFi, from product development to market, aiming to create a powerful and meaningful solution that will prepare Unlimint’s clients for the future.
The move comes as more businesses prepare to accept cryptocurrencies as payment. The “Merchants getting ready for crypto” survey by Deloitte shows that 75 per cent of retailers plan to accept either cryptocurrency or stablecoin by 2024. While the crypto market has taken a hit over the last while, 56 per cent of consumers asked in the BitPay and PYMNTS “Paying with Cryptocurrency” survey said they are at least somewhat interested in buying cryptocurrency within the next year, while 42 per cent of millennials said they would be extremely likely to buy crypto in the next 12 months
With 13 years of experience as a traditional payment company, Unlimint holds local acquiring licenses in regions across the world, and provides access to thousands of Alternative Payment Methods (APMs), making them operational and regulated globally. This allows the company to provide better, regulated solutions at better pricing to clients worldwide.
Commenting on the launch, Jack Jia, Head of GateFi at Unlimint, said:
“We are delighted to announce GateFi at Web Summit. Payment infrastructure has always been a core component of the money lego set for dapp developers to onboard real-world users to the world of Web3. At Unlimint, we see this new solution as the future. 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. 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 decentralised and blockchain world, preparing our clients for tomorrow.”