47 far more important ,” Guibard says , than merely wider adoption from consumers : the implication being that closer ties to traditional fiat currency will remove the barriers of the somewhat obfuscated closed loop of digital trades and limited payment options .
“ The cryptocurrency space is no longer just about what ’ s happening on the exchanges ,” Guibard continues . “ Instead , the leaders are going upstream — gaining access to federal banking infrastructure and building out new payments and accounts products that will help them address much broader markets .
“ Not every exchange wants to be a bank , so we ’ ll see exchanges and other crypto companies making more use of Banking as a Service ( BaaS ) integrations to build better products and customer experiences , with a particular focus on fiat on and off ramps and wallet management .”
fintechmagazine . com