Monday Dec 02, 2024

Everything You Need To Know About Cross-Border Crypto Payments

The world of international payments has been innovating over the last few years and many think it’s because of the increased usage of cryptocurrency and stablecoins.

In this episode, Ian Andrews (CMO, Chainalysis) speaks to Arnold Lee (Co-founder & CEO, Sphere Labs), who brings an intriguing backstory, having ventured from IoT to the world of fintech, and illustrates the complex issues surrounding cross-border payments. 

He talks about Sphere's journey from its inception following the FTX debacle to its significant impact in regions like the Caribbean, LATAM, and Asia Pacific, using innovative solutions that tackle the major pain points faced by fintechs and crypto payment service providers in the complex banking landscapes.

Arnold also introduces Spherenet, a closed-loop ledger facilitating fintech connections and explains a new concept of auction mechanism and how it completely changes how cross-border payments will be done in the future. 

Minute-by-minute episode breakdown

2 | Arnold’s unexpected journey from IoT and tinkering on-chain to crypto payments

5 | Solving cross-border payments with blockchain and stablecoins at Sphere

9 | The biggest challenges with cross border payments involving crypto

15 | How to compete in a saturated crypto and innovative payment ecosystem

19 | Introduction of Spherenet and providing crypto payment systems to LATAM, USA and Asia Pacific

22 | Optimizing trust and data sharing in private blockchain networks

26 | Spherenet's auction mechanism and how it complete changes how cross-border payments are made

31 | The path towards onboarding decentralization in 2025 and beyond

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Speakers on today’s episode

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