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}. Throughout 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 supplied insights into the evolving world of cross-border funds. The summit additional explored PayFi’s cutting-edge functions and make clear rising {industry} traits, market alternatives, and the brilliant prospects forward.
PayFi, quick for Cost Finance, is an progressive know-how and utility mannequin that integrates cost methods with monetary companies inside the blockchain and cryptocurrency area. In line with Lily Liu, Chair of the Solana Basis, PayFi leverages blockchain know-how to revolutionize cost methods, enabling extra environment friendly, low-cost transactions whereas creating a brand new monetary expertise. Its objective 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 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 trendy monetary methods 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 supplied 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 world 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 the whole course of from pockets administration to card issuance. Key features embody 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 circumstances.
By way of CaaS, Interlace presents multi-BIN configurations to assist shoppers’ 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 shoppers to customise card designs and enabling companies to quickly create distinctive model differentiation.
Michael additionally emphasised that stablecoins are taking part in 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 shoppers to realize a aggressive edge within the evolving integration of cryptocurrency with conventional cost methods.
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 Stage 1. The corporate has additionally obtained licenses in key areas together with the USA, and Lithuania. So far, Interlace has issued over 4.5 million playing cards and served 7,500 companies worldwide, processing over 60 million transactions yearly.
