Since the beginning of 2021, the cryptocurrency industry has experienced a marked surge in popularity, as institutions and individuals flock to the rapidly developing space in large numbers. Whilst the barrier to enter the space has significantly decreased since its birth a decade ago, there remain several sticking points which keep more widespread adoption difficult, particularly when it comes to interacting with local fiat currencies.
There is a need for an effective and efficient liquidity bridge between crypto currencies and merchants that will only become stronger as the industry develops. Additionally, the influx of new participants – most of which are retail investors or traders – is causing a heightened level of volatility, which is in danger of rendering the mass adoption of the industry in the mainstream financial world untenable. Even with the ballooning of the stablecoin space in response to these issues, it is not quite ready to appeal to those industries that might see the