Giddy partners with Plaid for easier account funding
Giddy partners with Plaid for easier account funding
By Edlyn Cardoza
Crypto staking app Giddy has partnered with FinTech leader Plaid, a data network that powers the tools millions of people rely on to live healthier financial lives. Giddy’s integration with Plaid will make it easier for users to share their financial data securely and seamlessly to move funds in and out of their Giddy account.
“Security and user friendliness are paramount to every step of the customer journey on the Giddy platform,” says Giddy CEO Eric Parker. “Our partnership with Plaid and their open finance technology is a continuation of striving to create an unparalleled experience for Giddy users.”
Enabling investors to connect their financial accounts easily and securely to Giddy’s platform will help streamline moving funds in and out of their wallets, making the onramps and offramps to crypto investing easier for mainstream investors.
Through its integration with Plaid’s payment authorisation products and payment processor Wyre, Giddy will enable investors to easily transfer funds via ACH from their checking account to their digital wallet to invest in crypto. Once an investor converts the crypto back to dollars (fiat), the integration makes it fast and easy to transfer those funds back to their checking account.
Upon transferring funds into a Giddy account, the currency is automatically converted to a stable coin that allows users to begin staking their tokens and earning an interest yield immediately.
Giddy is the world’s first DeFi app to provide crypto investors with one-tap staking (interest-earning). In a complex world of crypto investing where investors need to master a confusing array of tools and platforms to maximise their investments fully, Giddy has a mission to simplify the most sophisticated crypto strategies into one platform.
Giddy was founded in 2021 by entrepreneurs Eric and Ethan Parker. Their non-custodial DeFi platform provides streamlined access to DeFi crypto investing and staking. The Giddy wallet offers faster and more secure transactions with the ease of withdrawal. The company has raised more than $8 million in funding from investors and recently announced the pre-release of its mobile app.
