Cards have bad fraud properties. You enter your secret numbers into lots of websites, hand them to waiters. There are big spreadsheets of stolen card numbers available on the dark web.
App onramps from Paypal, Robinhood, .. & eventually bank apps should be lower fraud and therefore faster and cheaper
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ya for sure it's on the fiat side. do you think the problem is primarily
1. people buying crypto with other people's money (stolen card info, etc)
2. people buying crypto with their own money, then doing a fraudulent chargeback
or a secret third thing?
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makes sense. custodial crypto has a huge advantage here since you can make the coins show up immediately but lock withdrawals for a while.
Also wild how fast banks pull support once you mention crypto. You’re working with who??
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The main barriers to fiat-to-crypto in the U.S. are not technological — they stem from infrastructure and risk. The hardest part is building trust: with banks (due to fraud), with regulators (due to gray areas), and with users (due to the industry’s poor reputation). Even a product with perfect UX won’t succeed without stable fiat partnerships and regulatory clarity.
So, to launch in the U.S., the top priority isn’t just writing code — it’s solving risk management, compliance, and banking relationships first.
