Gate founder and CEO Dr. Han announced the launch of Gate Money on Oct. 7 while speaking on the main stage at TOKEN2049 in Singapore.
In his keynote, Dr. Han said, 「Accounts should not be the boundary of capital. Gate Money supports one-click opening of global same-name bank accounts, breaking through the boundaries between assets, funds and payments to let money move freely.」
Service links bank accounts with digital assets and payments
Dr. Han said advances in stablecoins, real-world assets, and blockchain payment infrastructure have given more assets the ability to circulate digitally and settle instantly. He said the holding, transfer and use of assets are gradually becoming integrated.
Against that backdrop, Gate Money connects bank accounts with digital assets, fiat currencies, stocks, ETFs, gold and payment services.
More than 60 local currencies supported for collections
According to Gate, eligible users can open a global electronic bank account under their own name with one click. The service will support collections in more than 60 local currencies. Inside the Gate App, users can send and receive funds, exchange assets and manage holdings, then use Gate Card to make online and offline payments with fiat or digital assets.
Available through Gate App v8.39.0
Gate said the release of Gate Money extends its financial services from trading and asset management into fund circulation and daily consumption, bringing different asset, capital and payment scenarios into one system.
The company said users can activate Gate Money after updating the Gate App to version 8.39.0. Gate also said it plans to expand supported asset categories, payment methods and financial service capabilities in the future as it continues to build an integrated financial service system linking assets with real-world spending.