February 5, 2023

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

Company fluid finance submitted a proposal for the integration of a decentralized stablecoin DAI directly into the traditional financial system. This will be the first time that a stablecoin can be bought directly from a bank account.

“One of the problems of cryptocurrencies is the lack of communication withthe 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 buy coffee with their Fluid cards that operate on the Mastercard network.”

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

“Our main motivation was to offeran alternative to money transfer companies that charge exorbitant fees,” says Tina Bilovski. “We use Dai as part of our payment rails, along with integration into the traditional system, and as a result, the poorest in the world get a better deal. Even better, since the money is delivered directly to the user’s phone, it puts vulnerable people in control of their financial lives.”

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