Can Crypto Really Bridge the Fiat Divide?- Sami Start

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Summary(Season 2, Ep8):

Sami Start, co-founder and CEO of Transak, highlights the journey of building a reliable crypto banking infrastructure with a focus on regulation, compliance, and global accessibility. He emphasizes the practical benefits of blockchain technology, such as 24/7 accessibility and cross-border transactions, while discussing the challenges of user onboarding and brand building in the Web3 space.

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Takadao

Takeaways:

• Blockchain technology is useful because it works 24/7, allows easy international transactions, and lets people control their own money.
• Financial apps on the blockchain, including those using real-world assets, are growing and should be easy and practical to attract users.
• Developing layer two solutions and systems to connect different blockchains is key for a smooth user experience.
• Tokens are important for Web3, but companies need to ensure they follow rules, are ethical, and provide real value to users.