Web3 must bridge back into Web2 for real cash flows — Checkout.com VP By Cointelegraph

The real economic utility of Web3 — a broad term that refers to some future iteration of the internet — can only be realized by utilizing existing payment onramps and offramps, according to Max Rothman, vice president of crypto and digital assets of Checkout.com.

In an interview with Cointelegraph, Rothman explained that companies operating in Web2 and Web3 are largely siloed from one another, which means they cannot access each other’s benefits. “Web2 companies have mastered seamless online payments and the user experience,” he said, referring to businesses that operate in the current state of the internet. “For Web3 companies to continue to grow, they need a steady supply of new and existing users providing them fiat currency conversions into crypto.”