Fluid Finance proposes to integrate the decentralized stablecoin DAI directly into the traditional financial system

Companyfluid financepresented a proposal for the integration of a decentralized stable coinDAIdirectly into the traditional financial system. This will be the first time that a stablecoin can be purchased directly from a bank account.

“One of the problems with cryptocurrencies –lack of connection with the real world. Fluid solves this problem 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 purchase coffee with their Fluid cards, which operate on the Mastercard network.

Fluidoffers traditional bank accounts inEurope and the UK and Fluid Accounts, which are open to everyone around the world. Users can connect their Web3 wallets to these accounts for a seamless TradFi experience – DeFi. “Gone are the days when you had to go through the exchange”.

“Our main motivation was to offeran alternative to money transmitters who charge exorbitant fees”, – says Tina Bilovsky. “We use Dai as part of our payment rails, along with integration into the traditional system, and ultimately 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 take control of their financial lives.

Fluid's own digital money providesan integration solution that has been missing for so long in the world of cryptocurrencies. Combined with Dai, Fluid's offering aims to bridge the two worlds and remove barriers to adoption. Fluid allows Dai holders to move from cryptocurrency to a bank account (or Fluid account) in less than a minute. Holders can also spend their Dai on Fluid cards, which operate on the Mastercard network. These cards are available to anyone around the world.