Fun

Fluid Finance Proposes to Integrate the DAI Decentralized Stablecoin Directly Into the Traditional Financial System

News Feed - 2023-01-24 03:01:37

Fluid Finance Proposes to Integrate the DAI Decentralized Stablecoin Directly Into the Traditional Financial System press release


PRESS RELEASE.Fluid Finance submitted a proposal to integrate the DAI decentralized stablecoin directly into the traditional financial system. It would be the first time that a stablecoin could be purchased directly from a bank account.


Jessica Walker at Fluid said: “One of the problems with crypto is the lack of connection to the real world. Fluid solves that by integrating Dai directly into our accounts. Users can buy Dai directly from us using dollars, euros, pounds and dozens of other currencies. Dai holders can also now buy coffee on their Fluid Cards, which operate on the Mastercard network”.


Fluid offers traditional bank accounts in Europe and the UK and Fluid Accounts, which are open to anyone globally. Users can connect their Web3 wallets to these accounts, for a seamless TradFi – DeFi experience. “Gone are the days of having to go through an exchange,” – said Walker.


“Our main motivation was to offer an alternative to money transmitters, who charge exorbitant fees,” said Tina Bielowski. “We use Dai as part of our payment rails, together with integrations into the traditional system, and the end result is that the world’s poorest get a better deal. Even better, since the money is delivered directly to the user’s phone, it allows vulnerable people to have control of their financial life.”


Fluid’s own digital money provides the integration solution missing for so long in the crypto world. When combined with Dai, Fluid’s offer is intended to connect the two world and removes barriers to adoption.


Fluid’s detailed proposal can be seen here: https://forum.makerdao.com/t/mip99-offer-dai-to-cefi-projects-to-enable-real-world-use-cases/19466


https://github.com/makerdao/mips/pull/768


More details


Fluid enables Dai holders to off-ramp from crypto to a bank account (or Fluid Account) in less than a minute. Holders can also spend their Dai on their Fluid Cards, which run on the Mastercard network. These cards are available to anyone, globally.


See these on YouTube here: https://bit.ly/3XfExEG.


 


  Tags in this story Fluid Finance


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Media


Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options. Nigerian Banks Still Distributing Old Naira Banknotes as Demonetization Date Approaches AFRICA | 7 mins ago We Must Expedite the Move From Centralized Services to Viable DeFi Alternatives OP-ED | 1 hour ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleEconomist Mohamed El-Erian Predicts ‘Sticky’ Inflation Despite Federal Reserve’s Efforts to Bring it Down Next articleEthereum Developers Commence Finalizing Shanghai Upgrade ‘Shadow Fork’ for Testing and Bug Identification More Popular NewsIn Case You Missed ItTony Hawk"s Latest NFTs to Come With Signed Physical Skateboards


Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Today"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method

News Feed

MicroStrategy completes $800M note offering to buy more Bitcoin
Helen Partz2 hours agoMicroStrategy completes $800M note offering to buy more BitcoinMicroStrategy completes $800 million convertible note offering to acquire more Bitcoin and for “general corporate purposes.”905 Tot
German Ramirez11 hours agoIf blockchain projects sold cars: Facts vs. feelings in Web3 marketingBut the masses — your main audience — don’t care about how it works. They care about how it meets their needs.411 Tota
Biggest Movers: LTC Climbs to 10-Day High on Monday
Biggest Movers: LTC Climbs to 10-Day High on Monday Litecoin raced to a ten-day high to start the week, as markets returned from the Christmas holiday weekend. The token extended r
Trump Signs Largest Relief Bill in US History: When Will Americans Get Stimulus Checks
Trump Signs Largest Relief Bill in US History: When Will Americans Get Stimulus Checks U.S. President Donald Trump has signed into law what he calls the largest single economic r
Cardano refutes rumors it abandoned its scaling project Hydra
Martin Young2 hours agoCardano refutes rumors it abandoned its scaling project HydraHydra being abandoned is “just pure FUD,” wrote Cardano co-founder Charles Hoskinson in a post on X.1296 Total views6 Total sharesLi
WATCH: Our On Tap Meetup in Tokyo United Japanese Blockchain Fans With the Global Makers
What do you get when you give a bunch of crypto fans a bunch of beer and pizza? If you answered “an amazing meetup featuring devs and explorers from all over the world,” then you’re absolutely correct.
Helen Partz12 hours agoHong Kong would not go crypto without China’s approval — Animoca execChina looks at Web3 as a powerful tool to challenge the United States’ technological and economic hegemony, the Animoca co
Bitcoin Wallet Review: BC Vault Throws Down the Gauntlet to Trezor
The Bitcoin hardware wallet space is increasingly active, with new entrants coming up all the time. If you search “hardware wallet” on Amazon, you get dozens of options. The two most well-known companies, of
Bitcoin, Ethereum Technical Analysis: ETH Breaks Resistance to Hit 9-Day High
Bitcoin, Ethereum Technical Analysis: ETH Breaks Resistance to Hit 9-Day High Bitcoin and ETH both rose to nine-day highs on Wednesday, as bulls continued to push prices higher fol
Tristan Greene5 hours agoBitcoin Frontier Fund launches accelerator program for Ordinals startupsThe program will provide seed money, mentoring and support to approved applicants.3348 Total views13 Total sharesListen to
Marcel Pechman6 hours agoBuffett and Ackman take opposing sides on Treasury yields — What does it mean for Bitcoin?Two investment moguls are betting on different directions for inflation and Treasury yields, with poten
Crypto exploits near $1.4B this year as hackers target CeFi — report
Alex O’Donnell2 hours agoCrypto exploits near $1.4B this year as hackers target CeFi — reportAccording to data from cybersecurity firm Cyvers, stolen funds on centralized exchanges increased 900% year over year in th