Hi Yasir, good question! I have not seen any simple solution yet that allows someone who for instance is only locked into lets say Bitcoin and no longer uses a personal bank acount. So how do we then transfer or send someone money without going via the chain. i.e. Person A transfers or sends money from Bitcoin to Person B directly into Person B's bank account.
I do see some projects coming up at the reserve bank to look at sandboxing a Bitcoin environment, but I still need to dig deeper and see what they are up to.
I do know that you can use Virwox to buy Bitcoin using Paypal.
RE: Beyond bitcoin: what emerging blockchain technology means for your organisation