Crypto Capabilities Bring Revenue to Neobanks
— Crypto products, Financial literacy, 10 largest neobanks, 35 years old, Like defi, Offering clients cryptocurrency products, End interface, Buying, Product enables — 1 min read
By the end of the year, more than half of the 10 largest neobanks will be offering clients cryptocurrency products. Neobanks and challenger banks are finding that their crypto offerings have to become more complex. Cryptocurrency will play a bigger and bigger part in things like cross-border transactions, payments and even monetary policies, says Zero Hash's Mark Daly. The company is seeing interest for its “crypto-in-a-box” services, which encompass the buying and selling of the digital assets, the reporting layer and the regulatory and compliance framework, he said. The third reason is that offering crypto services “opens up access to new users,” Daly argued, crypto can move from a sideline to a mainline revenue source. Source