SINGAPORE, Feb. 26, 2025 /PRNewswire/ — From February 18 to twenty, 2025, Consensus Hong Kong happened on the Hong Kong Conference and Exhibition Centre, attracting international consideration from the Web3 and fintech communities in what many are calling the “Yr of PayFi” within the crypto {industry}. Throughout the occasion, Interlace, a number one fintech infrastructure supplier, took the stage on the extremely anticipated PayFi Summit 2025. Alongside outstanding {industry} innovators such because the Solana Basis, Huma Finance, and DePHY, Interlace provided insights into the evolving world of cross-border funds. The summit additional explored PayFi’s cutting-edge purposes and make clear rising {industry} developments, market alternatives, and the brilliant prospects forward.
PayFi, quick for Cost Finance, is an progressive expertise and utility mannequin that integrates fee techniques with monetary companies inside the blockchain and cryptocurrency area. In keeping with Lily Liu, Chair of the Solana Basis, PayFi leverages blockchain expertise to revolutionize fee techniques, enabling extra environment friendly, low-cost transactions whereas creating a brand new monetary expertise. Its objective is to develop extra advanced monetary merchandise and purposes, constructing an built-in worth chain that fosters the creation of a brand new monetary ecosystem.
Technological innovation in monetary companies lies on the coronary heart of Interlace’s mission. As a pacesetter in card issuing infrastructure, Interlace delivers environment friendly, cost-effective, and multi-currency monetary options that seamlessly bridge Web3 and Web2, connecting fashionable monetary techniques with rising markets. By serving as a key enabler of stablecoin utilization in cross-border funds, Interlace helps scalable, environment friendly monetary transactions on a worldwide scale.
Among the many companies provided are Card as a Service (CaaS), Banking as a Service (BaaS), and Pockets as a Service (WaaS), all of which permit companies to effortlessly combine monetary capabilities into their current platforms by way of APIs. Moreover, Interlace presents important merchandise like international accounts, buying companies, and the issuance of each digital and bodily playing cards.
Michael Wu, CEO of Interlace, additional elaborated on the corporate’s complete “end-to-end” CaaS resolution on the summit, which covers your complete course of from pockets administration to card issuance. Key capabilities embrace multi-Bin card issuance, deposit deal with technology, cryptocurrency KYT (Know Your Transaction), cardholder KYC (supporting each API integration and hosted mode), and safe, compliant infrastructure. This ensures that the movement of funds stays clear and controllable all through your complete course of. Moreover, Interlace helps on-chain transfers, multi-account fund allocation, and environment friendly operations like top-ups, transfers, and card issuance, addressing the wants of a variety of use instances.
When it comes to CaaS, Interlace presents multi-BIN configurations to help purchasers’ international card issuance necessities. Its superior threat management and anti-fraud system allow real-time transaction monitoring, safeguarding the safety of funds. Interlace additionally offers a white-label API integration, permitting purchasers to customise card designs and enabling companies to quickly create distinctive model differentiation.
Michael additionally emphasised that stablecoins are enjoying an more and more essential function in cross-border funds. Pushed by technological innovation, Interlace offers industry-leading options that ship the infrastructure for safe and environment friendly fund transfers, empowering establishments and purchasers to achieve a aggressive edge within the evolving integration of cryptocurrency with conventional fee techniques.
Based in 2019, Interlace has shortly established itself as a pacesetter within the fintech area, incomes the best safety certification within the worldwide card fee {industry}, PCI-DSS Stage 1. The corporate has additionally obtained licenses in key areas together with the US, and Lithuania. Thus far, Interlace has issued over 4.5 million playing cards and served 7,500 companies worldwide, processing over 60 million transactions yearly.
