THE NEXT WAVE OF CONSUMER APPS REQUIRE BETTER ONBOARDING

Summary from the TLDR Crypto newsletter

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.