Public Key

Everything You Need To Know About Cross-Border Crypto Payments

Dec 3, 2024

37:37

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

Related resources

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

Speakers on today’s episode

Ian Andrews *Host* (Chief Marketing Officer, Chainalysis)
Arnold Lee (Co-founder & CEO, Sphere Labs)

This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.

Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.

Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.

Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.