Cabital integrates with Plaid to simplify deposits

VILNIUS, Lithuania, 15 December 2021  Cabital, a trusted digital financial institution, today announced that it has integrated with Plaid to make it easy for users to securely and seamlessly fund their Cabital accounts.

As a result of the integration, Cabital’s users can now directly connect their bank accounts to Cabital to buy cryptocurrency with euros and pound sterling without leaving the Cabital platform – delivering a seamless user experience.

Plaid is easy and straightforward for people funding their Cabital accounts. Users can now simply input the amount of money they want to add on the funding page, select their bank, and then confirm their transaction. Now users can move on from the time-consuming process of switching between tabs and double checking banking information and enjoy a significantly more user-friendly, faster and easier way to fund their investments in Cabital. If you are residing in the U.K. or certain parts of Europe, then you can get faster funding starting today.

Cabital plans to leverage its integration with Plaid to enable new features and products that are currently under development for launch in 2022. Cabital is a trusted digital financial institution to buy, sell and earn cryptocurrency — generating up to 12% APY on Cabital’s Earn platform. The firm is registered in the Republic of Lithuania as a cryptocurrency exchange operator and a cryptocurrency depository wallet operator.

Raymond Hsu, Cabital’s Co-founder and Chief Executive Officer, said:

“As we continue to create a compliant and trusted digital financial institution where our customers can easily buy, sell and earn cryptocurrency, integrating with Plaid allows us to provide a faster, easier and more initiative user experience. Plaid’s data network enables our customers to connect their financial accounts at over 11,000 financial institutions across the globe and improves user identity verification and reduces fraud.”

“Our expanding network of partners are important contributors to Cabital’s rapidly growing portfolio of talent, technology, and processes that will deliver an outstanding customer journey and as a result, increase Cabital’s revenue.”

Zak Lambert, Plaid’s Product Manager, said: 

Across the world people are embracing digital finance, particularly cryptocurrency, at higher levels than ever before. Companies like Cabital make that transition from traditional finance to cryptocurrency simple. With the help of Plaid’s payments products, Cabital and other fintech companies across Europe can enable people to easily and quickly pay and manage their finances online, however they want.”

Cabital recently partnered with BCB Group, one of Europe’s leading providers of business accounts and trading services for the digital asset economy, enabling it to incorporate GBP to its growing list of payment methods.

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