Blockdaemon acquires crypto onramp technology, Gem and digital identity services. Gem offers a frictionless way for businesses to onboard crypto into their applications, letting developers connect crypto assets and users with just a few lines of code.
Gem is a company that provides fiat-to-crypto onramps and offramps, or fiat-to-crypto bridges. A trade data aggregation service and a know your customer (KYC) solution are also available from the company.
Users can stake, scale, and deploy nodes with institutional-grade security and monitoring using the Blockdaemon blockchain node infrastructure. Exchanges, custodians, crypto platforms, and financial institutions largely use the platform, which supports over 50 blockchain networks.
Gem greatly complements Blockdaemon’s product suite. Simultaneously, Gem furthers Blockdaemon’s goal of giving individuals greater economic opportunities. These opportunities stem, in part, from easy access to the world’s leading crypto networks.
By acquiring Gem, Blockdaemon help institutions bridge the gap between users and the blockchain platforms that they host. With this milestone, Blockdaemon will make it easier for businesses to offer crypto native services.
Gem Onramp accepts a range of payment methods, allowing users from all around the world to trade in a variety of ways. Blockdaemon is a high-performance blockchain infrastructure that serves prominent cryptocurrency exchanges and investment firms.
