The Most Exciting ‘Boring News’ You’ll Hear All Week | Web3 Daily

TL;DR

Revolut (a banking app) is working with MetaMask, permitting customers to rapidly transfer their money into crypto (clean crypto-to-fiat on-ramps are boring, however wanted!).

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Let’s. Get. Slippery!

Wait — no! Don’t go away. We’ll make it regular with context — promise…

Web3 is creeping its approach into conventional monetary (TradFi) tech merchandise, in essentially the most boring approach potential: through cost apps — and that’s thrilling!

Why?

Trigger it takes the flat & grippy floor we all know as ‘conventional monetary companies’ (aka banking/investing) → turns it on a steep angle → lathers it up with further soapy water → and factors it in the direction of Web3.

What the hell does that imply?

Speak to any marketer or product supervisor for greater than 2 minutes and there’s an excellent likelihood they’ll lecture you on ‘slipperiness.’

Aka: how straightforward is it for brand new customers to begin utilizing your product?

The extra slippery a product, the cheaper the advertising and marketing/consumer acquisition price.

Downside with transferring customers from TradFi to Web3 is: it’s grippy as hell.

Banks will restrict how a lot might be moved into crypto, centralized crypto exchanges pose danger of collapse, understanding finest practices for storing crypto/exploring completely different apps is an limitless rabbit gap…

So every time we hear about new tech that makes the entire transition extra slippery, our ears prick up.

Revolut (a TradFi banking app) is teaming up with MetaMask to permit its customers to rapidly transfer their fiat money into crypto.

(And retailer in a self custody pockets).

Boring? On the floor — completely.

However in the event you’ve ever tried to rapidly transfer a big quantity cash from fiat to crypto, this type of factor will deliver you body-tremor-levels-of-excitement.

(We’ll positively be sending this one to our mate Greg).