Yield App boosts crypto accessibility with Volt real-time payments
London, 16th May 2023: Digital wealth platform Yield App has partnered with Volt, the leading global real-time payments gateway, to offer additional GBP and EUR on-ramps via FPS and SEPA Instant.
Yield App customers can now buy cryptocurrency in real time directly with their bank, thanks to the integration of Volt’s pan-European open banking solution. With connections to over 1,800+ banks across the continent, this streamlined two-step process enables customers to authorise transactions with just face ID or biometric authentication from their banking app.
Building upon the foundations of legacy payment solutions, open banking-powered on-ramping has emerged as the faster, easier and more secure way to invest, offering an enhanced payment experience fit for the digital age.
The partnership is a strategic move by Yield App to ensure its customers have a seamless experience when accessing the platform’s full suite of products, which bridge the gap between traditional finance and decentralised finance through crypto structured products and its core earn offerings.
Gero Piskov, Card and Payments Manager at Yield App, said: “It’s time for the industry to embrace open banking solutions so that retail crypto investors aren’t left outside in the cold. As advocates of the latest payment technologies, we’re thrilled to partner with Volt to provide our customers with fast, secure and seamless transactions directly from their banking app. By integrating additional payment options on Yield App, our customers can unlock the full potential of their digital assets.”
Kat Marangos, Volt’s VP Strategic Accounts, said: “Purchasing crypto is a perfect use case for open banking, which is safer and more convenient than cards or manual bank transfers. Our partnership with Yield App will showcase this in an environment that offers users a whole new level of returns from their crypto assets. We look forward to bringing this proposition to a new generation of retail investors.”