This platform makes debit card transactions possible directly on Arbitrum

cointelegraph.com:

A revolution is unfolding in the world of global payments, led by the transformative power of layer-2 technology and serving traditional banking infrastructure, such as financial messaging and card payment networks. Working together, there is a shift in the fundamentals of financial interaction, using groundbreaking technical architecture to enhance security, efficiency and unrestricted access to the global financial network.

E-banking has been a catalyst for the digital development of traditional finance, yet still faces several shortcomings which could be improved using blockchain technology. Users access their bank accounts based on dated practices of usernames and passwords, while transactional confirmation codes are usually obtained through SMS. This cumbersome process makes the system prone to human error and manipulation, thus compromising security. Furthermore, transaction records and processing logics are often managed in banks’ backend systems, creating a single point of failure and exposing sensitive information.

Fiat24, a Swiss fintech company governed by Swiss banking law, has introduced a decentralized application (DApp) to address these challenges. The platform, operating under a Swiss fintech license, integrates the benefits of layer-2 rollup blockchain Arbitrum to revolutionize the global payments landscape.

The architecture used creates a seamless blend of financial services and blockchain innovation, strengthening security while enhancing convenience. Through Fiat24’s DApp (accessible via its signature NFT), customers are able to use the crypto assets stored in their MetaMask or any other noncustodial crypto wallet to buy a Starbucks coffee, making their tokens instantly available for spending anywhere