Fiat on-ramps, banking partners crucial for institutional Web3 adoption

Fiat payment rails and neobanking services are becoming a vital cog in driving mainstream adoption and acceptance of the wider cryptocurrency space, according to key industry figures at the intersection of traditional finance and Web3.

Executives from OpenPayd, Ramp Network and Damex unpacked the increasing importance of third-party payment rails and banking platforms in conversation with Cointelegraph during the recent European Blockchain Convention hosted in Barcelona.

OpenPayd CEO Iana Dimitrova outlined how their firm processes over €3 billion of monthly transaction volume and has issued over 2 million accounts, including several prominent cryptocurrency exchanges, including the…

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