Leading financial services company Plaid revealed the launch of its first crypto-native product, Wallet Onboard. Founded in 2013, the company partners with banks and payment services to make it easy for people to connect their financial accounts to the apps and services they use.
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Plaid released a blog post that says now they bring their technology and experience to Web3. Plaid's Wallet Onboard allows developers to connect crypto wallets to decentralized applications. With a single integration, Wallet Onboard allows developers to enable connectivity to over 300 self-custody cryptocurrency wallets.
Plaid mentioned that its goal is to help developers focus on building new web3 product experiences by removing the technical work needed for onboarding and managing wallet connections.
The Plaid team said they are extremely optimistic about the potential of Web3 technology. Recently, the company added support for several crypto exchanges and investment platforms including Binance.US, Robinhood, Gemini and SoFi.