Banking-as-a-Service: Crypto for the Masses

Mercuryo

People are adopting new ways of dealing with money, with 68% of consumers wanting to use crypto and fiat currency.

People are adopting new ways of dealing with money, with 68% of consumers wanting to use crypto and fiat currency.

Is it time for Banking-as-a-Service (BaaS) to hit the mainstream?

Read the report

BaaS allows companies to offer certain banking products through integrations and licensing. For a company to receive their own licences could take months, sometimes even years – which isn’t feasible in this fast-paced industry. 

Using BaaS, companies can quickly integrate typical banking products into their platforms: accounts, cards, or loans – without the hassle of applying and paying for the licensing themselves. 

Mercuryo’s report Banking-as-a-Service: Crypto for the Masses uncovers the current BaaS and open banking ecosystem, how the underlying tech and structure works, and why this service will be a crucial offering for consumers.

Key Takeaways

  • 57% of US and UK consumers will choose a banking provider if it allows the use of crypto;
  • The estimated global revenue generated by embedded finance by 2025 is $230 billion;
  • Just under 70% of consumers would like to use crypto as well as fiat money

Discover how BaaS aims to reinvent payments and banking, with Mercuryo at the forefront.

Read the full report today

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