If DeFi is poised to become the new norm and cryptocurrencies are to gain widespread daily usage, a crucial aspect will revolve around incorporating payment systems. Some Bitcoin proponents envision a self-sustaining economy where goods and services are traded exclusively in Bitcoin, eliminating the need for conversions between blockchain-based and fiat currencies.
While this ideal may be attainable in the future, the current focus should be on creating seamless intersections between traditional payment methods and cryptocurrencies, which can be easily navigated by users who may lack extensive knowledge about blockchain transactions.
As the integration between conventional payment methods and cryptocurrencies gains momentum, the emergence of crypto neo-banks has played a significant role in bridging the gap between these two worlds. These innovative financial institutions are designed to cater to the...