Solflare To Offer Native Bank Accounts, Aiming To Fix Crypto’s Broken On-Ramp Problem
Solflare is preparing to reshape how users move money into crypto by integrating native bank accounts directly into its wallet, a shift that could solve one of the ecosystem’s most persistent onboarding failures.
In an interview with Yellow.com on the sidelines of Solana‘s Breakpoint, co-founder and co-CEO Filip Dragoslavic said the industry has largely ignored how broken on-ramping has become, noting that only a quarter of users who attempt to fund their wallets actually succeed.
“The current on-ramping experience has a success rate of about 25 to 26%,” he said. “One in four users who want to on-ramp actually get through.”
The bottleneck isn’t the wallet or the crypto rails, it’s the traditional banking system.
Banks…
