Despite increasing crypto adoption, structural issues persist, especially in payments, which remain slow, error-prone, and exclusionary. While millions hold digital assets, they struggle to integrate them into daily life, particularly affecting those in emerging markets. Stablecoins provide a means of financial stability for users in these regions, but banks and outdated payment infrastructure limit access and usability. Regulations around stablecoin use create challenges, preventing users from exchanging local currencies effectively. Comprehensive solutions are needed, such as crypto neobanks capable of facilitating a seamless on- and off-ramping experience between traditional finance and crypto. Currently, most services allow conversion to digital assets but offer limited pathways to use those assets in everyday transactions, creating a cycle that undermines the functional utility of cryptocurrencies. Bridging this gap requires innovative designs that cater to the needs of users in emerging economies, ensuring access to finance is equitable and practical for all.

Source šŸ”—