Fluid Finance Aims to Bridge Crypto and Traditional Finance with DAI Integration

• Fluid Finance has submitted a proposal to integrate the DAI decentralized stablecoin directly into the traditional financial system.
• Fluid Accounts allow users to purchase Dai directly from their bank accounts with global currencies.
• Fluid’s digital money provides a solution to connect the two worlds of crypto and traditional finance, allowing for more efficient and equitable money transfer services.

Fluid Finance has recently announced a groundbreaking proposal to integrate the DAI decentralized stablecoin directly into the traditional financial system. For the first time, this would allow users to purchase Dai directly from their bank accounts using dollars, euros, pounds, and dozens of other global currencies.

The goal of this integration is to make financial services more efficient and equitable. By using Dai as part of their payment rails, Fluid Finance is able to provide an alternative to money transmitters that often charge exorbitant fees. In addition, the money is delivered directly to the user’s phone, which gives vulnerable people more control of their financial life.

The integration of Dai into the traditional financial system is made possible by Fluid’s own digital money. This integration solution eliminates the need for users to go through an exchange and provides the missing link between the two worlds of crypto and traditional finance.

Jessica Walker of Fluid Finance commented on the proposal, saying: „Our main motivation was to offer an alternative to money transmitters, who charge exorbitant fees. 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.“

In addition to the integration of Dai, Fluid Accounts also offer users other features such as the ability to connect their Web3 wallets to their accounts for a seamless TradFi – DeFi experience. Fluid Accounts are open to anyone globally and offer traditional bank accounts in Europe and the UK.

Fluid Finance’s proposal to integrate the DAI decentralized stablecoin into the traditional financial system is an exciting development for the crypto world. It will not only make financial services more efficient and equitable, but it will also make it easier for users to purchase Dai directly from their bank accounts with global currencies. This will help bridge the gap between the two worlds of crypto and traditional finance, opening up new possibilities for both.