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Blockdaemon Announces Acquiring Crypto Onramp Technology, Gem



Leading institutional-grade blockchain infrastructure, Blockdaemon announced on Wednesday about acquiring the fiat-to-crypto on-ramp technology, Gem. Earlier today, Blockdaemon took to Twitter to share the news. Today, we’re proud to announce our acquisition of @GemHQ, the #1 aggregator of fiat-to-crypto onramps and offramps💎 This acquisition will make it even easier for businesses to offer in-app crypto products and services to their customers, all powered by Blockdaemon😈 (0/5)🧵👇 — Blockdaemon 😈 (@BlockdaemonHQ) March 9, 2022 The CEO and founder of Blockdaemon, Konstantin Richter said, “With our acquisition of Gem, Blockdaemon will generate transaction-based revenue, a key strategic business model.” With the integration of Gem in Blockdaemon, users will be able to purchase 40 plus cryptocurrencies from more than 100 countries. A product of Gem called Connect will help the user connect and transact over 2,000 cryptocurrencies.

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