SINGAPORE, Feb. 26, 2025 /PRNewswire/ — From February 18 to twenty, 2025, Consensus Hong Kong befell on the Hong Kong Conference and Exhibition Centre, attracting world consideration from the Web3 and fintech communities in what many are calling the “Yr of PayFi” within the crypto {industry}. Through the occasion, Interlace, a number one fintech infrastructure supplier, took the stage on the extremely anticipated PayFi Summit 2025. Alongside distinguished {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 functions and make clear rising {industry} tendencies, market alternatives, and the intense prospects forward.
PayFi, brief for Cost Finance, is an progressive expertise and software mannequin that integrates cost programs with monetary providers inside the blockchain and cryptocurrency area. In keeping with Lily Liu, Chair of the Solana Basis, PayFi leverages blockchain expertise to revolutionize cost programs, enabling extra environment friendly, low-cost transactions whereas creating a brand new monetary expertise. Its purpose is to develop extra advanced monetary merchandise and functions, constructing an built-in worth chain that fosters the creation of a brand new monetary ecosystem.
Technological innovation in monetary providers 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 trendy monetary programs 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 world scale.
Among the many providers 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 present platforms through APIs. Moreover, Interlace gives important merchandise like world accounts, buying providers, 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 the whole course of from pockets administration to card issuance. Key capabilities embrace multi-Bin card issuance, deposit tackle era, 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 the whole 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 gives multi-BIN configurations to assist purchasers’ world card issuance necessities. Its superior threat management and anti-fraud system allow real-time transaction monitoring, safeguarding the safety of funds. Interlace additionally gives 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 gives industry-leading options that ship the infrastructure for safe and environment friendly fund transfers, empowering establishments and purchasers to realize a aggressive edge within the evolving integration of cryptocurrency with conventional cost programs.
Based in 2019, Interlace has shortly established itself as a pacesetter within the fintech area, incomes the very best safety certification within the worldwide card cost {industry}, PCI-DSS Degree 1. The corporate has additionally obtained licenses in key areas together with the USA, and Lithuania. To this point, Interlace has issued over 4.5 million playing cards and served 7,500 companies worldwide, processing over 60 million transactions yearly.
