the decentralized ecosystem, do you plan to develop any project related to spending? I mean, a debit card connected to a digital wallet compatible with a Safe account where the FRAX stablecoin is loaded and payments can be made at any merchant with VISA-compatible POS systems.
You have very well developed the infrastructure for saving and investing in a decentralized manner, but this missing piece would exponentially increase the demand for FRAX.
There would also be a lot of business in the On-Ramp in the FRAX/USD pair every time a payment is made.
We don't plan on in the core team level developing a payments app or credit card if that's your question. Our goal is to develop the protocol side of Frax: FRAX (stablecoin), frxETH (LSD), Fraxtal (M2 chain) etc. We would want to see a community built or 3rd party payment system develop around FRAX. With that said though, we are definitely going to make sure FRAX is as liquid as fiatcoins and has USD on/off ramps in the near future.
It would be interesting if a project like FinresPBC dared to take this on, I understand it's complex. I'm just mentioning it because I've had the pleasure of using this same mechanism with Gnosis Pay in Europe, loading the stablecoin pegged to the euro, EURe from Monerium into the Safe account, and it's wonderful.
We do plan to look into making FRAX fully redeemable through FinresPBC. So definitely working on that utility. Will take a bit of time.
Does Lead Bank want to have crypto card on Frax? 😊
Not a bad idea, I will ask them 👀
Base on OP Robinhood on Arb PayPal on fraxtal?
Fidelity on Fraxtal
I applied for a job there. VP of product for crypto. Didn’t get it. But, if I did… fidelity would be on Fraxtal!
Just wait mt pelerin doing a card with iban and defi Wallet ( you own all ur asset ) i would like to see a partnership in the futur
Source?
The founder, it is in their roadmap
Cool! Did they give an ETA?
Noo, i think this gonna take alot of time
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