Why Every Fintech Will Be a Crypto App and How Dynamic Gets Them There

Itai Turbahn, co-founder and CEO of Dynamic, explains how his company is building the wallet infrastructure layer for the next generation of crypto-powered financial services. Dynamic provides embedded wallets so that developers at neobanks, remittance providers, payroll platforms and other fintechs can build crypto experiences without wrestling with blockchain complexity.

Turbahn notes how quickly the industry has moved from crypto being “on the fringe” to being discussed at the centre of events like Money20/20 and links this shift to clearer regulation, better “rules of the road” and major investments on the engineering side. As a result, most serious fintechs and global money movement companies are now actively exploring how to bring crypto into their stack, whether for cross-border payments, payroll or gig worker payouts.

A key change, Turbahn argues, is that new financial products no longer need to be built country by country on fragmented local rails. Instead, startups can be “global first”, launching on top of crypto-based global financial rails from day one. That means the next wave of neobanks and payment companies are likely to be crypto-first by design. To make that possible, they need infrastructure players, like a “Stripe, Plaid or AWS for crypto wallets”, which is the role Dynamic aims to play.

Despite all the momentum, Turbahn is clear that building in crypto is still too hard for most developers, especially those coming from traditional “Web2” backgrounds. Concepts like gas fees, chains and tokens are unfamiliar and, in his view, shouldn’t need to be front and centre.

Dynamic’s job is to abstract that away so a developer who has never touched crypto can spin up a global neobank or remittance app in minutes, with the crypto complexity handled in the background.

Security is another core pillar and Turbahn highlights Dynamic’s use of multi-party computation (MPC), where different parties each hold a piece of the cryptographic key, to secure wallets at scale. The goal is for end users, and even many product teams, to treat crypto security the same way they treat card, ACH or bank security: they don’t need to understand the mechanics, but they need to trust that it’s robust.

Looking ahead, Turbahn is bullish that in five years essentially every fintech app will also be a crypto app, whether or not users realise it. Every crypto transaction starts and ends with a wallet, and Dynamic wants to be the infrastructure that quietly powers those everyday experiences.

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