• This post describes an experiment that evaluated the crypto onramp experience for new users using Phantom Wallet. The experiment demonstrated significant challenges in the fiat-to-crypto conversion process. None of the available payment providers supported credit card transactions, potentially because of concerns around fraud and chargebacks, posing a large obstacle for retail onboarding. There is a need for more streamlined and integrated onramping processes to increase crypto user adoption.

    Wednesday, July 17, 2024