Fiat gateway integration has been well explained in the article which appeared few hours ago. When you read and understand what Ethos team is trying to build and deliver just like Universal Wallet then all those five steps make sense. There are quick to long term processes depending on the functionality and features to handle fiat conversion. It may take some time but not too long seeing their partners for immediate solution can be expected.
Agreed on that Ethos fiat gateway we can expected in this quarter