SINGAPORE, Feb. 25,
2025 /PRNewswire/ -- From February 18 to 20, 2025, Consensus Hong Kong took
place at the Hong Kong Convention and Exhibition Centre, attracting
global attention from the Web3 and fintech communities in what
many are calling the "Year of PayFi" in the crypto
industry. During the event, Interlace, a leading fintech
infrastructure provider, took the stage at the highly anticipated
PayFi Summit 2025. Alongside prominent industry innovators such as
the Solana Foundation, Huma Finance, and DePHY,
Interlace offered insights into the evolving world of cross-border
payments. The summit further explored PayFi's cutting-edge
applications and shed light on emerging industry trends, market
opportunities, and the bright prospects ahead.
PayFi, short for Payment Finance, is an innovative technology
and application model that integrates payment systems with
financial services within the blockchain and
cryptocurrency space. According to Lily Liu, Chair of the Solana
Foundation, PayFi leverages blockchain technology to revolutionize
payment systems, enabling more efficient, low-cost transactions
while creating a new financial experience. Its goal is to develop
more complex financial products and applications, building an
integrated value chain that fosters the creation of a new financial
ecosystem.
Technological innovation in financial services lies at the heart
of Interlace's mission. As a leader in card issuing infrastructure,
Interlace delivers efficient, cost-effective, and multi-currency
financial solutions that seamlessly bridge Web3 and Web2,
connecting modern financial systems with emerging markets. By
serving as a key enabler of stablecoin usage in
cross-border payments, Interlace supports scalable, efficient
financial transactions on a global scale.
Among the services offered are Card as a Service (CaaS), Banking
as a Service (BaaS), and Wallet as a Service (WaaS), all of which
allow businesses to effortlessly integrate financial capabilities
into their existing platforms via APIs. Additionally, Interlace
offers essential products like global accounts, acquiring services,
and the issuance of both virtual and physical cards.
Michael Wu, CEO of Interlace,
further elaborated on the company's comprehensive "end-to-end" CaaS
solution at the summit, which covers the entire process from wallet
management to card issuance. Key functions include multi-Bin card
issuance, deposit address generation, cryptocurrency
KYT (Know Your Transaction), cardholder KYC (supporting both API
integration and hosted mode), and secure, compliant infrastructure.
This ensures that the flow of funds remains transparent and
controllable throughout the entire process. Additionally, Interlace
supports on-chain transfers, multi-account fund allocation, and
efficient operations like top-ups, transfers, and card issuance,
addressing the needs of a wide range of use cases.
In terms of CaaS, Interlace offers multi-BIN configurations to
support clients' global card issuance requirements. Its advanced
risk control and anti-fraud system enable real-time
transaction monitoring, safeguarding the security of funds.
Interlace also provides a white-label API integration, allowing
clients to customize card designs and enabling businesses to
rapidly create unique brand differentiation.
Michael also emphasized that stablecoins are playing an
increasingly crucial role in cross-border payments. Driven by
technological innovation, Interlace provides industry-leading
solutions that deliver the infrastructure for secure and efficient
fund transfers, empowering institutions and clients to gain a
competitive edge in the evolving integration of
cryptocurrency with traditional payment systems.
Founded in 2019, Interlace has quickly established itself as a
leader in the fintech space, earning the highest security
certification in the international card payment industry, PCI-DSS
Level 1. The company has also obtained licenses in key regions
including the United States, and
Lithuania. To date, Interlace has
issued over 4.5 million cards and served 7,500 businesses
worldwide, processing over 60 million transactions annually.
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SOURCE Interlace
