Some Web3 believers have an overly optimistic imagination: fiat currency is an outdated shackles, and as long as you go on-chain, you can be free. But what is the reality? An ordinary worker in 2025 will still have their wages deposited into their bank account, and mortgage and car loan payments will still be deducted from fiat accounts. On one side, the rapidly evolving on-chain economy is racing ahead; on the other, the traditional financial system is massive and outdated with old interfaces. Between these two worlds, there is an invisible wall.

Imagine a scenario: today’s users want to hire an AI agent on-chain to help them with investment and wealth management. The process can be exhausting—registering on an exchange, identity verification, bank transfers, buying stablecoins, withdrawing coins, setting up a wallet, copying seed phrases, then transferring coins to a public chain. If any step gets stuck, novice users will simply give up. This fragmented experience is a true obstacle for Web3.

Kite’s approach is actually quite straightforward: if we want a billion people to use machine labor, don’t expect them to learn cryptography first. The right way is to hide blockchain technology and make on-chain interactions as smooth and natural as using a credit card. To achieve this, Kite has partnered with global payment giant PayPal to develop a fiat on-ramp solution—using a set of “atomic-level fiat bridging layers” to tear open this financial wall from the middle.

The current situation is this: users only have banking apps and PayPal on their phones, with no on-chain assets, yet the goal is to directly invoke a smart agent running on the chain. All those complicated deposit and withdrawal procedures, and cumbersome wallet operations, should be simplified away.