Latest news with #Interlace
Cision Canada
06-05-2025
- Business
- Cision Canada
Interlace Breaks New Ground in Web3 Finance with CaaS at Token2049
NEW YORK, May 6, 2025 /CNW/ -- On May 1st, the global blockchain industry event Token2049 concluded successfully, marking a significant moment for Web3 and fintech innovations. Interlace, a leading Web3 fintech company, made its debut at the event, capturing widespread attention with its cutting-edge Card-as-a-Service (CaaS) solution. The company showcased its deep industry insights and strategic expansion plans for the Middle East market, positioning itself as a key player in the region's Web3 ecosystem. Interlace's presence attracted a diverse range of stakeholders, including Web3 enterprises, industry pioneers, developers, institutional investors, and ecosystem partners. Redefining what is possible in Web3 with Cards as a Service As a global leader in financial infrastructure services, Interlace has consistently driven the integration of Web2 and Web3 ecosystems through technological innovation. At Token2049, the company highlighted its industry-leading CaaS solution, a comprehensive platform that simplifies the entire process from wallet management to card issuance. Key features of the CaaS offering include: 30+ BIN Configurations: Enhancing flexibility for global financial compatibility. Wallet Deposit Address Generation: Providing seamless management of funds. KYT (Know Your Transaction) Compliance: Ensuring secure, compliant crypto deposits. Cardholder KYC Verification: Available via API or custodial mode to validate user identity. Built-in Risk Control and Anti-Fraud Systems: Protecting users and businesses from fraud. Regulatory-Compliant Custodial Infrastructure: Ensuring full transparency and security of fund flows. These features come together to provide a robust solution that seamlessly bridges the gap between the Web3 world and traditional financial systems, enabling more secure, transparent, and accessible financial services. White-Label Customization: Empowering Clients with Brand Differentiation Interlace also offers a flexible white-label card solution that allows businesses and institutions to fully customize card designs, enabling them to build distinctive brand identities. With the Interlace CaaS solution, clients can issue both physical and virtual cards in as soon as two weeks, accelerating time-to-market for crypto-based financial products. The cards are fully compatible with popular digital wallets, including Apple Pay and Google Wallet, facilitating seamless crypto-to-fiat conversions and empowering users to spend both crypto and fiat currencies effortlessly—anytime, anywhere. This functionality unlocks the true potential of on-chain assets, offering users a level of "spending freedom" previously unavailable. Real-Time Experience with the Infinity Card During Token2049, Interlace offered a hands-on demonstration of its flagship product, the Infinity Card, which provided attendees with a limited-time gift card. This allowed users to experience the seamless transition from on-chain asset management to off-chain spending. As one Web3 participant noted, "Interlace has simplified the complexities of on-chain asset liquidity and conversion into a globally accepted payment card. This is a pivotal step toward turning blockchain technology into a practical, mainstream financial tool." Currently, the Interlace CaaS solution has been widely adopted by crypto exchanges, wallets, OTA platforms, AI companies, gaming firms, advertising platforms, and online subscription services. Notably, for Token2049, Interlace partnered with Web3 travel and lifestyle platform Umy, offering users exclusive discounts when booking flights and hotels in Dubai through Umy. Users could also pay with the Infinity Card using cryptocurrency, further demonstrating the compatibility of CaaS with traditional consumer scenarios. Partnerships and Collaborations: Strengthening the Ecosystem Interlace's presence at Token2049 was not limited to the main event. The company actively engaged in key side events such as 1001 Crypto Nights and Hack Seasons Conference, where it networked with Web3 professionals, thought leaders, and potential collaborators. As part of its strategic efforts, Interlace also partnered with Umy, a Web3 travel and lifestyle platform. Through this collaboration, Interlace users were offered exclusive discounts on flights and hotel bookings, with the added benefit of paying with the Infinity Card using cryptocurrency. This partnership further demonstrates the compatibility of CaaS with traditional consumer scenarios, expanding the utility of crypto assets in everyday life. Building a Middle East Strategy: Compliance as the Cornerstone of Growth The Middle East has rapidly emerged as a strategic hub for global Web3 enterprises, driven by Dubai's open regulatory environment and concentration of high-net-worth capital. Interlace's debut at Token2049 marks a key milestone in its global expansion strategy, with a particular focus on the Middle East market. As CEO Michael Wu noted, "The Middle East is a core node in Interlace's mission to build a global Web3 financial network. By combining our extensive compliance technology expertise with localized market needs, we are accelerating the integration of blockchain and traditional finance." At Token2049, Interlace was able to demonstrate its technical expertise and regulatory-compliant operational capabilities. As its expansion into the Middle East continues, Interlace aims to become a benchmark for the "Compliance + Technology" innovation model, driving the large-scale adoption of crypto payment services across industries such as consumer goods, trade, and travel. Impressive Milestones and Future Outlook Founded in 2019, Interlace has achieved PCI-DSS Level 1 certification, the highest security standard for card payments, and holds key international licenses, including Hong Kong TCSP, U.S. MSB, and Lithuania VASP. To date, Interlace has issued over 6 million cards, serving more than 7,500 enterprises, and processing over 60 million transactions annually. The company's continuous growth and expansion highlight its dedication to building secure, compliant, and scalable solutions for the global Web3 financial ecosystem.
Cision Canada
02-05-2025
- Business
- Cision Canada
Interlace Debuts at Token2049 to Accelerate Web2-Web3 Integration Across MENA
NEW YORK, May 2, 2025 /CNW/ -- Interlace, a pioneering financial innovation platform bridging traditional (Web2) and decentralized (Web3) ecosystems, is making a high-impact debut at Token2049, the world's largest cryptocurrency conference. The event draws more than 15,000 global Web3 leaders, investors, developers, and policymakers to the heart of the Middle East's burgeoning digital economy. As the MENA region solidifies its status as a strategic launchpad for blockchain and digital finance, Interlace is leveraging Token2049 to highlight its global ambitions and regional integration efforts. Through a combination of keynote speeches, panel participation, side events, and interactive showcases, the company will spotlight its technological breakthroughs, regulatory strategies, and innovative Web3 solutions designed to advance financial inclusion and digital infrastructure. Token2049 has cemented its position as the premier global platform for blockchain dialogue and innovation. With MENA emerging as a magnet for crypto and fintech enterprises—thanks to its progressive regulatory framework and strong investor base —the event provides fertile ground for companies like Interlace to scale their operations in high-growth markets. Driving Web3 Compliance and Strategy in the Middle East Michael Wu, Founder and CEO of Interlace, was recently invited to speak at the event Mastering Web3 Finance and Compliance: Blockchain & Beyond, where he joined a panel discussion exploring regulatory frameworks and emerging trends in the Middle East's Web3 ecosystem. Drawing on Interlace's extensive global experience, Wu provided a deep dive into the region's compliance landscape. He emphasized the UAE's regulatory efficiency as a strategic advantage for Web3 companies, stating: "In MENA, it takes only a few months to obtain a Virtual Asset Service Provider (VASP) license, whereas the same process can take up to two years in Singapore. In the United States, conflicting federal and state regulations create persistent uncertainty for businesses." This favorable regulatory environment, he noted, has enabled Interlace to accelerate its expansion into the Middle Eastern market. Wu also outlined Interlace's proactive compliance strategy, highlighting early regulatory investment as a foundation for building long-term competitive advantages. "We've secured key licenses—including MSB (Money Services Business), MSO (Money Service Operator), and VASP—across major markets such as Hong Kong, the U.S., and Europe," he shared. He stressed the importance of integrating technology with compliance, citing the use of biometric solutions to streamline Know Your Customer (KYC) procedures. This approach not only ensures regulatory adherence but also enhances user accessibility. "Compliance is not a cost," Wu asserted. "It's the foundation of brand trust. For institutional partners and investors, regulatory compliance is non-negotiable—and critical for sustainable growth." Addressing the convergence of traditional finance and Web3, Wu presented Interlace's multi-license model as a blueprint for cross-border innovation. "Our crypto payment card enables seamless interoperability between on-chain digital assets and off-chain consumer transactions," he explained. "This functionality requires a high degree of cross-jurisdictional compliance." Wu concluded by sharing that Interlace is actively expanding its footprint in the Middle East, bringing its regulatory expertise and compliance technology to support the region's rapidly evolving blockchain infrastructure. Unveiling Innovation at Premier Side Events Beyond the main conference, Interlace will engage audiences at high-profile side events including 1001 Crypto Nights, Gilded Mirage, and the Hack Seasons Conferencei. These gatherings delve into themes such as the convergence of legacy finance with decentralized protocols and the region's unique role in accelerating Web3 adoption. Interlace will showcase its Card-as-a-Service (CaaS) API solutions tailored for the PayFi sector, as well as its custom-designed physical banking cards —which double as exclusive, limited-time gift cards. These cards demonstrate real-time "on-chain to off-chain" transaction capabilities, offering attendees a tangible experience of seamless Web3-enabled payments. A Strategic Leap Toward Global and Regional Impact Interlace's presence at Token2049 is more than a product showcase—it represents a pivotal step in the company's global expansion and MENA market penetration. As the company deepens its engagement in the region, it aims to collaborate with local institutions to build robust, inclusive digital financial ecosystems. Wu reflected on the significance of the Middle East in shaping the future of blockchain finance: "The Middle East is rapidly evolving from an energy stronghold into a center of digital innovation. Its open regulatory approach and dynamic capital environment make it a strategic region for Web3 transformation. At Interlace, we're committed to co-creating resilient financial infrastructure with local partners—enabling businesses and users to fully benefit from the potential of blockchain technology. We see MENA as a future global benchmark for Web3 applications."
