Fiat Republic at FinTech & InsurTech Digital Congress

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With a $1.1 trillion annual fiat-crypto volume, that today only represents 4% of the world population, there is room for growth. Fiat Republic is on a mission to democratize fiat access for the Web3 economy by bridging Web 2 with Web 3. We call it Web2.5.

Takeaways

- Crypto is huge and booming with a $1.1 trillion annual fiat-crypto volume- Banks and Crypto don't speak the same languages (just yet)- Current infrastructure results in slow and clunky fiat deposits- Unfit compliance processes, insufficient data, group risk policy and lack of crypto expertise prevent banks from offering banking services to crypto platforms- Multiple integrations, managing local regulatory requirements, tier 2 & 3 banking and manual compliance processes are often pain points for crypto platforms working with banks