I am just thinking from a new crypto user perspective who maybe doesn’t currently own any crypto yet or maybe has a coinbase account but hasn’t done much else in the space.
If they downloaded the app in the appstore… currently if they want to set up a wallet they have to figure out how to purchase crypto on another platform and then send it to an address to complete the wallet setup.
I remember from when I was a new user to crypto this was a daunting task.
If instead (from a user perspective) they stayed inside the wallet app and just completed an in-app purchase for the wallet setup payment, this would remove a lot of initial friction in my opinion.
(essentially a way to hack fiat onto the app - through a small in-app purchase - which then the in-app purchase payment goes to the developer (loopring) - and the developer sets up the wallet)
Then they can see the full functionality of the wallet and all of the options available for them to exchange / LP / earn , etc… and they have an address they can call their own on their phone, which they paid for (through in-app purchase / connected to their apple id) so they feel ownership over it and want to use it.
I think they would be more incentivized at that point to want to go off to another platform and purchase crypto and figure out how to send it to this address now to start using the full functionality of the app now that they have set it up, can see inside all the features and have paid to set it up already.
Maybe I am not explaining it properly, apologies.
Basically I am just talking about replacing the initial friction of having to go off-app and send crypto to the wallet to complete the setup… replacing this step with an in-app purchase for the same thing.
I am just not 100% on if this would be possible. But if it was I think it would be a big improvement for newbies.
Hopefully this makes sense!