The Problems

Friction in a Converging Financial World

Fragmentation of Financial Systems

The current financial ecosystem is split between legacy fiat banking networks and emerging blockchain-based payment rails. Each operates within its own silo of rules, infrastructure, and user experience. For consumers and businesses who wish to operate across both, interoperability is still limited. Users are often forced to juggle multiple apps, accounts, and KYC processes, adding cost, time delays, and complexity.

High Costs and Slow Settlements

International transfers via traditional banks can take days and incur excessive fees, particularly for SMEs and freelancers working cross-border. While crypto can settle instantly, conversion to fiat often involves multiple intermediaries, volatile rates, and platform withdrawal fees that erode transaction value.

Compliance and Regulatory Friction

Current compliance requirements are fragmented and inconsistently applied across jurisdictions. Banks and payment processors often over-block or delay transactions involving crypto due to perceived risk, even for legitimate, compliant businesses. This results in frozen funds, rejected payments, and uncertainty for users. On the other side, crypto platforms often lack clear compliance pathways for regulated fiat services, making full omni-banking functionality rare.

Privacy Erosion

Many consumers including high-net-worth individuals, global professionals, and privacy-conscious users face growing surveillance in both fiat and crypto transactions. Traditional banks and centralized exchanges collect and store extensive personal data, creating both privacy concerns and security risks.

Access Gaps for the Underbanked

Over 1.4 billion adults globally remain unbanked, and over 2 billion are underbanked, lacking access to affordable, global financial tools. Many have access to mobile internet but remain excluded from seamless fiat-crypto ecosystems due to geographic restrictions, lack of local banking infrastructure, or high onboarding requirements.

Business Inefficiencies

Companies operating across borders struggle with multi-currency management, payroll in different jurisdictions, and real-time currency conversion. Legacy systems are often too slow and costly, while existing crypto tools lack integration with traditional finance to handle fiat-based operations at scale.

Volatility & Conversion Risk

Crypto volatility creates uncertainty for merchants, freelancers, and everyday users who need stable settlement in their local currency. Without integrated, automated exchange mechanisms, the value received can be significantly different from what was intended at the point of payment.

Limited Consumer Utility

Many crypto services focus solely on speculation, offering little practical utility for everyday payments, bills, or international transfers. Meanwhile, many fiat banks have yet to provide meaningful access to crypto, missing the opportunity to serve a generation that wants both.

User Experience Complexity

For crypto newcomers, onboarding into the digital asset world is still intimidating. Wallet management, private key storage, and manual transfers between platforms create barriers for adoption. For experienced users, managing both fiat and crypto workflows separately wastes time and increases operational risk.