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Bitcoin Pro

The Future of Fiat On-Ramps

232 Views07 Mar 2023 08:42
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SUMMARY
  • Silvergate is in deep trouble. On March 1, the “crypto bank” revealed in a regulatory filing that it could soon be “less than well capitalized.”
  • The news prompted Coinbase, Paxos, Galaxy Digital and a host of other large crypto enterprises to drop Silvergate as a banking partner. Why does this matter?
  • The “fiat problem” has long plagued crypto markets: to buy bitcoin, you at some point need to interact with the traditional banking system.
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  • The Future of Fiat On-Ramps
    07 Mar 2023
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