Merge

Merge is looking to change that, with its new Web3-specific and API-based banking and payments platform. The idea is that this infrastructure will allow Web3 and crypto companies to easily convert between crypto and fiat, hold and transfer fiat funds, and maintain levels of compliance. The latter point is crucial: with regulations developing fast, it’s important (and difficult!) for such organisations to remain on the right side of the law. With the right compliance in place, they can both avoid shutdown and attract the interest of top-tier banking partners.

This solution has attracted major funding from players like Coinbase Ventures and Octopus Ventures, which indicates confidence from the market that Merge could help ease Web3’s passage into the mainstream. It’s an especially strong vote of confidence too, given that this seed funding round was closed in spite of the crypto market going through a period of perilous instability.