DeFi Debit Card Firm Monolith Announces the Ability to Buy Crypto in App
London-based financial technology company and debit card firm closes the loop on Decentralised Finance by adding ability to buy crypto. Now gives users the ability to buy DAI, earn interest on tokens, and spend their holdings anywhere.
London-based Monolith, a decentralised finance company which allows users to spend their Ethereum-based tokens for everyday purchases has announced customers can now buy crypto directly on their platform(DeFi ).
Closing the loop on DeFi
In 2018, Monolith broke new ground for the Defi economy by offering customers the ability to hold crypto but spend £’s or €’s in the real economy through its debit card offering. Currently thousands of users in the UK and EEA use Monolith for everyday transactions such as paying bills, purchasing goods, and taking out cash all while maintaining full custody of their crypto assets through its decentralized wallet.
Monolith’s ability to spend via its Debit Card has long been heralded as the backbone of an experience that transcends the current financial paradigm. With Monolith now offering the ability to buy crypto, it makes the Monolith Defi finance experience even smoother and seamless.
“We are quite simply the best way to get into and out of DeFi” Monolith CEO Mel Gelderman said. “But the next frontier will be embracing everything in between in order to create a more approachable experience to those just entering the space.”