According to Mike Silagadze, Bybit's CEO Ben announced that the exchange will introduce retail-style bank accounts for its users. After completing KYC, users will be able to obtain a personal IBAN under their own names, starting with USD. These accounts can facilitate salary deposits, bill payments, and large purchases. The initiative aims to minimize disruptions caused by traditional bank risk controls when transferring fiat currencies in and out of the platform.

According to Mike Silagadze, Ether.fi Cash has quietly enabled fiat wire transfers, allowing users to send and receive funds via ACH, Fedwire, and IBAN. This feature was released discreetly to a select group of users for initial testing, offering crypto traders new ways to bridge traditional finance and digital assets. The integration of fiat rails could enhance liquidity and accessibility for crypto market participants, supporting smoother on-ramps and off-ramps between cryptocurrencies and fiat currencies (Source: Mike Silagadze).