Anchor Protocol Just Quietly Got a Meaningful Upgrade
What this does for mass adoption
Alright, LUNA-tics. In case you didn’t see (because it definitely missed my radar for a hot minute), Anchor just surprised us with a huge upgrade.
Now, we can buy UST on the web app without doing any transfers or using any exchanges.
Using Transak, a fiat on- and off-ramp aggregator, users can now buy UST with a credit or bank card.
Let’s take a closer look at some of the details and why this is huge for onboarding users.
First, why is this meaningful?
For months, the most difficult part about Anchor was always getting UST to the platform.
Ask anyone in crypto development or web design — Anchor’s user interface is beautiful. It doesn’t take a professional eye to see that. It is simple and exactly what a platform of its kind would need to be in order to appeal to the masses.
However, as stated, onboarding has been a nightmare. Don’t believe me? Try explaining the steps required to a normie friend to put their money into Anchor. I am sure you will lose them somewhere along the way (especially for Americans who deal with more KYC problems than other people around the globe).
