While the DeFi ecosystem has been growing exponentially in the last few years, there’s a parallel revolution happening in fiat financial services: Embedded finance.
They, in turn, provide customers with products and solutions such as debit cards, digital wallets, money transfers, and payments, to name a few.Analysts say it is expected to see spectacular growth in terms of global revenue in the next four years. Some may say that the reason is the lack of a simpler user experience that allows them to easily move their money around between traditional financial services and crypto markets.
However, applications for embedded finance's is expanding beyond payments, with more non-financial sectors joining the financial ecosystem to deliver better digital banking services to customers. For example, when using a decentralized exchange users will be able to trade tokens quickly via an in-built fiat on-ramp.