Why Europe’s open banking startups are so eager to partner with crypto wallet firms

Quick Take

  • Open banking in Europe and the U.K. has led to a rise in payments made directly from consumer bank accounts instead of relying on an intermediary.
  • In the wake of Visa’s failed bit to acquire Plaid, open banking firms like Plaid are looking to partner with crypto wallet firms.
Europe's banking rules have led to a growth in "open payments," which is bringing open banking startups together with crypto firms.

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