Solflare is preparing to reshape how users move money into crypto by integrating native bank accounts directly into its wallet, a shift that could solve one of the ecosystem’s most persistent onboarding failures.
In an interview with Yellow.com on the sidelines of Solana's Breakpoint, co-founder and co-CEO Filip Dragoslavic said the industry has largely ignored how broken on-ramping has become, noting that only a quarter of users who attempt to fund their wallets actually succeed.
“The current on-ramping experience has a success rate of about 25 to 26%,” he said. “One in four users who want to on-ramp actually get through.”
The bottleneck isn’t the wallet or the crypto rails, it’s the traditional banking system.
Banks routinely flag and block transfers to crypto-linked platforms, even when users voluntarily initiate them, leaving wallets and exchanges unable to deliver a seamless path from fiat to crypto.
Solflare’s response is a structural redesign rather than another UX patch.
The company will offer each user a virtual bank account in Iceland, issued through providers like Bridge, acquired by MonnPay or Iron by Stripe.
These accounts are not categorized as crypto-adjacent, meaning banks cannot automatically reject transfers.
Users send funds to their personal virtual account, where the money is then converted and deposited into their Solflare wallet.
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Describing the simplicity of the flow, Dragoslavic said, “You send funds from your bank account to your Solflare bank account. It’s not a crypto-adjacent bank account. Then it’s automatically converted to crypto and transferred into your Solflare account.”
This approach effectively removes the most fragile link in the onboarding chain, the user’s primary bank risk-scoring the transaction and could raise on-ramp completion rates to near 100%.
It also reflects a broader shift across global payments infrastructure.
Banks in Latin America and the Asia-Pacific region are beginning to offer stablecoin accounts, while Stripe and MoonPay have acquired on-ramp providers to plug similar gaps.
For Solflare, which has remained focused exclusively on Solana, the move positions the wallet as a critical bridge between traditional finance and the network’s rapidly expanding application layer.
It also arrives at a moment when mainstream users increasingly expect financial apps to offer unified, frictionless pathways between fiat and digital assets.
“If you look at the next stage of adoption, easing access into and out of crypto is still the biggest friction point,” Dragoslavic said. “We can have everything else — custody, DeFi, NFTs — but if getting funds in only works 25% of the time, nothing scales.”
Solflare’s integration gives Solana an on-ramp workflow that mirrors mobile banking rather than crypto onboarding — a distinction that could play a pivotal role as consumer-oriented apps on the network mature.
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