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RE: Kraken becomes a US Bank: WILL IT BRING an awaited MASS ADOPTION to the crypto industry?
I'm already doing something similar with Binance and their new Visa card. I have both crypto and Fiat stored on Binance and when I want to make a payment, I just transfer some funds over to my card.
Binance and some similar applications were a big step. However a bank offers a lot of services and security or at least comfort that a lone crypto exchange cannot. If nothing else, just being called a back, will get the attention of the populis.
You nailed it @machnbirdsparo
Thanks for dropping by and your comment @alexbalan
I wans't aware that Binance does offer to store FIAT currency as well.
Oh yeah, though to be fair, some currencies are suspended for the time being. I stored some Euro on Binance so it's definitely possible and I think USD worked too among others.