Despite crypto continuing to thrive among fintechs and investors alike, there are still precious few methods through which Bitcoin and other cryptocurrencies can be used to purchase in real-world markets. One industry in which that is set to change is home and auto repair, which has long been neglected by fintechs across the board.
If Irish crypto fintech FixxFi has anything to say about it, users will soon be able to use their cryptocurrency investments to finance critical repairs to their homes or vehicles.
“As more solutions like FixxFi enter the market, the future of crypto becomes more clear,” said the company in a press release. “Alternative financing and lines of credit are potentially the first steps in seeing crypto-related options in a host of businesses and rewards programs.”
If it is able to successfully bring crypto to the independent repair market, FixxFi is poised to reap considerable rewards. With an estimated value of €57.5 billion in 2021, and other anticipated offerings such as an expected native stablecoin, the company seems to have a real chance at changing the game for home and auto repair.