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. https://twitter.com/BlockdaemonHQ/status/1501529535933825029 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.