While crypto was invented to provide an alternative to the traditional banking system, converting to and from fiat currency is still necessary in many cases. And depending on local regulations, the policy of your bank, and even different cultural standards, your experience can vary greatly. So, what is the path forward to improve this situation around the globe?
Web3 adoption and regulatory backlash
The origins of Web3 are rooted in the pursuit of freedom. Bitcoin has historical ties to the cypherpunk philosophy, which represents a movement to empower individuals in a radical way: Wherever you are in the world, you can become your own bank to achieve sovereignty, anonymity and freedom.