Starlights taps zero hash for crypto trading

Financial operating system Starlight has turned to Zero Hash to help its customers trade cryptocurrency.

Starlight, which markets itself to the web3 team, announced the partnership with the B2B2C crypto infrastructure platform in a press release on Thursday (February 9).

The company has embedded Zero Hash’s platform into its system to help business customers who “are digitally native but new to web3” buy and sell cryptocurrencies.

“Our mission is to make crypto accessible to companies of all stages and industries. To realize this vision, we need stable, reliable and innovative partners,” Starlight CEO Gray Nguyen said in the release.

“Zero Hash’s low-code, API platform and complete end-to-end custodial, liquidity and settlement solution will enable us to focus on removing obstacles for the web3 team – from off- and on-ramping the currency to manage their funds to remain compliant.”

Last year Zero Hash saw a wave of partnerships with other FinTechs. Just in October, PYMNTS reported team-ups between the company and Eco, Current, Blockdaemon and Nium.

In the latest collaboration, Nium teamed up with Zero Hash to allow Nium’s US customers to buy and sell crypto and leverage crypto-to-fiat payment solutions, PYMNTS reported.

“Crypto is undoubtedly playing a significant role in the B2B space with companies actively seeking new ways to differentiate their core offerings,” said Joaquín Ayuso de Paúl, head of Nium Crypto and Web3, in a press release.

“By including products like crypto investing and crypto payments, companies can create new revenue streams to stay ahead of the competition.”

This latest partnership comes as the crypto industry stands at a crossroads, as Chainalysis Chief Product Officer Pratima Arora wrote in the PYMNTS eBook, “2023 Payments New Year’s Resolutions,” excerpted here Thursday.

Although last year was a tough year for the field, Arora says she still sees the promise of cryptocurrencies as the future of payments.

“Because crypto will reinvent the exchange of value the same way the internet reinvented the exchange of information,” Arora writes. “And as with the early internet, some companies will fail and some will succeed. The maturing of the industry will take time.”

Arora added that with the right data, tools, guidance and partnerships, the industry can hold companies and people accountable and protect consumers.

“No other sector of the crypto ecosystem embodies more transparency than DeFi, where all transactions are visible and the code behind the protocols is open for all to see,” she said.

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