Why crypto’s biggest firms are jumping on the neobank trend
Crypto neobanks are getting popular.
More than half a dozen of this new breed of financial apps have launched over the past year, banking on clearer regulations and the technological savvy of younger generations to fuel their success.
“The majority of investors today are digital natives,” Zac Prince, managing director of GalaxyOne, Galaxy’s crypto neobank, told DL News. “They’re comfortable with app-based banking and want a single, modern platform that removes friction and gives them full visibility.”
The popularity of these new blockchain-powered apps comes at a key moment for the crypto industry. Having long been watched with suspicion by traditional finance and regulators, new pro-industry policies have paved…
