trading. In this situation, Web3 investors must face major risks of not only getting into trouble with the police, but also of being swindled by scammers.
There is no one-size-fits-all solution to overcome these hurdles. Here are a few solutions adapted to banked countries that the Web3 industry should prioritize:
Negotiating with banks and credit card companies to avoid users getting blocked after processing a crypto payment.Educating institutions about the fact that the vast majority of Web3 assets are actually transparent and not suitable for criminal activities. In unbanked countries, it’s a completely different story. Crypto wallets can be a very useful solution for individuals who cannot use a traditional bank account. In addition to being more accessible, blockchain banking can also be significantly faster and cheaper compared to existing payment solutions like Western Union. Unbanked countries should support Web3 payments in a transparent manner.
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