How Interlace is Connecting the World of Cryptocurrency with Traditional Finance

What if closing the divide between conventional finance and the crypto sphere didn't have to be so intricate? Interlace is actively addressing this challenge, prioritizing compliance, user access, and practical applications. During our conversation, we connected with the Chief Business Development Officer at Mark Homeier to explore how the organization is reimagining financial frameworks to effectively cater to contemporary enterprises—and how prevalent misconceptions surrounding cryptocurrency might be hindering the sector's growth. Interlace What does Interlace identify as the most commonly misunderstood aspect of the convergence between traditional finance and cryptocurrency currently?

In recent years, the cryptocurrency arena has seen significant growth alongside the development of blockchain technology. However, a considerable number of individuals remain unaware that global regulatory bodies—such as the FATF and the EU's MiCA regulations—have already established precise guidelines for crypto assets, with established compliance practices (like KYC and AML) being extensively utilized within the sector.

Understanding that compliance is crucial for the ongoing vitality and expansion of the crypto industry, we've launched 'Know Your Transaction' (KYT) for cryptocurrency deposits, alongside cardholder KYC validations (via API or custodial options), all supported by a secure, regulation-compliant custodial framework encompassing our offerings—including CaaS, Global Accounts, and InfinityCard. These initiatives guarantee transparency and effective management of funds throughout their lifecycle.

As a fintech bridging Web2 and Web3, Interlace What motivated the inception of Interlace, and how has that initial vision adapted to the realities of the market?

Michael Wu, the visionary behind Interlace, graduated from Stanford University and began his entrepreneurial journey while still attending school. With experience in launching startups, he established a study-abroad service platform and an AI recommendation engine that was later acquired by Google. 

These firsthand encounters in entrepreneurship, finance management, and capital operations highlighted the shortcomings of traditional finance for him. Merging this with a deep interest in blockchain, decentralized finance (DeFi), and making finance accessible for everyone—as well as his history as a serial entrepreneur and developer—Michael realized the profound potential technology has to revolutionize finance.

In 2019, he launched Interlace with the aim of bridging the divide between traditional banking and the burgeoning crypto economy by offering compliant crypto asset services.

Now, Interlace boasts a diverse range of products such as Global Account, InfinityCard, CaaS API, and BaaS API—all integrated via the foundational CryptoConnect framework. This comprehensive suite equips businesses with a single platform to manage both cryptocurrency and traditional currency transactions, transfers, and exchanges. Interlace enables near-instantaneous transactions without the typical delays or losses associated with conventional banking. 

By allowing businesses to effortlessly toggle between crypto and fiat, they can effectively manage liquidity, an essential aspect for small to medium-sized enterprises as they seek to minimize costs and streamline their entrance into the global financial landscape.

What was the driving force behind the creation of CaaS, and how does it integrate with existing financial infrastructures?

Interlace rolled out CaaS to innovate the traditional card issuance approach. Through in-depth client feedback, it became clear that card payments are critical for efficient financial management, from supplier payments to employee travel costs and various service subscriptions. Moreover, exchanges and wallets can enhance their offerings by issuing cards to their users, providing new spending avenues and improving liquidity for their crypto assets.

However, the traditional process for bank card issuance is often mired in lengthy qualifications, voluminous documentation, and extended production timelines, all while being poorly equipped to support cryptocurrency transactions.

To mitigate these hurdles related to contemporary card issuance and crypto integration, Interlace has crafted the CaaS API. This powerful solution allows enterprises to establish complete card issuing systems in a mere two weeks. Covering the entire journey—from wallet linkages to mass card deployments—the API simplifies and enhances the overall procedure.

Noteworthy features of the CaaS API include support for multi-BIN card issuance, wallet deposit address creation, KYT checks for cryptocurrency deposits, and cardholder KYC verification—available through API or custodial modes. Everything operates within a secure custodial environment aligned with regulatory standards.

These functionalities guarantee full transparency and adherence to regulations throughout all fund movements. By uniting Web3 and Web2, Interlace enables users to effortlessly exchange, utilize, and transfer value between both cryptocurrency and fiat systems.

What strategies does Interlace employ to guarantee the scalability and dependability of its financial solutions for expanding businesses?

Interlace provides a secure, reliable, and user-centric suite of financial services crafted for enterprises, designed to meet top-notch compliance, performance, and adaptability standards.

Interlace holds a PCI-DSS Level 1 certification, the pinnacle of international card payment security, and boasts multiple regulatory licenses, including a TCSP license in Hong Kong, an MSB license in the United States, and a VASP license in Lithuania. In addition to these credentials, it utilizes a bank-grade risk management and anti-money laundering system to ensure secure and compliant operations across all its services.

Safety and compliance are embedded in every aspect of Interlace’s products. They are designed with multi-layered security mechanisms, smart risk management systems, thorough compliance evaluations, and robust user authentication to protect enterprise environments from potential risks and fraudulent activities.

The CryptoConnect infrastructure supports seamless interactions between fiat currencies and digital currencies. It allows for the secure storage and transfer of leading digital assets like USDT, USDC, ETH, and BTC, while enabling businesses to transact in both fiat and crypto. This results in improved settlement efficiency and significantly lowers currency conversion losses relative to traditional financial systems.

Furthermore, Interlace provides a versatile suite of APIs—including CaaS, BaaS, and WaaS—crafted for swift integration. With comprehensive documentation and advanced tools ready for enterprise use, businesses can smoothly incorporate sophisticated financial features into their current platforms without significant R&D or technical burdens.

How does Interlace’s platform cater to the distinctive financial requirements of eSports and digital gaming industries?

The eSports and digital gaming sectors demand financial solutions adept at managing high-volume transactions and facilitating smooth cross-border settlements. Interlace is revolutionizing financial operations for this industry with cutting-edge, purpose-built technology.

By integrating with Interlace’s CaaS API, gaming companies can issue virtual Infinity Cards to teams and players. These cards empower users to buy in-game items, secure tickets for tournaments, and cover related expenses—while also providing a streamlined method for distributing prize funds.

To ensure secure operations, Interlace integrates a robust anti-fraud mechanism capable of identifying and averting suspicious activities in real-time, including the unauthorized use of stolen game point cards. Its extensive compliance framework spans diverse jurisdictions, allowing gaming companies to operate confidently across global markets such as Europe, Asia, and North America.

Can you clarify the process and benefits of joining Interlace’s affiliate partnership program?

With no technical obstacles, strong adherence to global regulatory standards, and attractive revenue-sharing models, the Interlace Alliance Partner Program enables partners to swiftly expand their customer reach through strategic partnerships and integrated access to Interlace’s extensive array of financial solutions. By providing both Web2 and Web3 infrastructures, the program fosters a mutually advantageous environment for all parties involved.

Prospective partners can sign up through Interlace’s official site, and upon approval, the Interlace team collaborates closely with each partner to outline the collaboration's specifics, which might include client referrals, compliance assistance, and onboarding support. Partners also have the option to refer clients directly to Interlace, where the Business Development team will manage contracts and ensure compliance checks and account setups.

The program presents several key benefits, making it both user-friendly and lucrative. Partners are free from managing technical integrations, allowing them to devote their efforts entirely to client acquisition and maintaining relationships. The Interlace team extends full support in aspects such as solution design, compliance reviews, and customer education, significantly alleviating operational pressures.

Interlace complies with regulatory requirements in crucial markets including Hong Kong, China, and the United States. With integrated anti-money laundering mechanisms, fraud prevention strategies, and KYC validation underpinned by numerous international licenses, partners can confidently serve clients globally without wrestling with complicated regulatory environments.

Connecting the Dots: How Interlace Merges Cryptocurrency with Traditional Finance - Metaverse Post

Interlace is revolutionizing the financial landscape by seamlessly connecting cryptocurrencies and traditional finance. It provides a compliant and accessible financial infrastructure that's ready for real-world use, making cross-border transactions easier and helping businesses grow on a global scale.

Unpacking Interlace's Role in Merging Crypto with Traditional Finance

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Date of Publication: April 18, 2025 at 8:59 AM - Update: Same Day at 8:59 AM

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Imagine if bridging the divide between conventional finance and cryptocurrency didn't have to be so daunting. This is exactly what Interlace is addressing, focusing on ensuring compliance, accessibility, and practicality for the real world. We had the chance to discuss this with the Chief Business Development Officer at Interlace, exploring how the company is innovatively rethinking the financial infrastructure to cater to contemporary business needs. Additionally, we touched on the prevalent misconceptions about cryptocurrency that might be hindering progress in the sector.

What does Interlace identify as the major misconceptions surrounding the intersection of traditional finance and crypto at present?

In recent years, the cryptocurrency sector has experienced explosive growth, largely parallel to the advancements in blockchain technology. However, many are still unaware that global regulatory bodies, such as the FATF and the EU’s MiCA framework, have established clear guidelines for crypto assets, and that reliable compliance tools such as KYC and AML practices are already in widespread use within the industry.

Interlace understands that compliance is crucial for the healthy and sustained growth of the cryptocurrency landscape. That’s why we’ve introduced Know Your Transaction (KYT) protocols for crypto deposits, along with cardholder KYC verification processes—offered through both API and custodial modes. Our services, including CaaS, Global Accounts, and the InfinityCard, provide a secure and regulation-compliant custodial framework that upholds transparency and meticulous management during the entire funds flow.

What drove the creation of Interlace, and how has its initial vision adapted to current market conditions?

The visionary behind Interlace, Michael Wu, is a Stanford University alumnus who embarked on his entrepreneurial venture during his college years. He has a rich history of launching startups, including a study-abroad service and an AI recommendation tool that was eventually acquired by Google. These ventures equipped him with insights into financial management and the limitations often faced by traditional banking systems. Coupled with his deep enthusiasm for blockchain technology, DeFi, and financial inclusivity, Michael recognized the transformative potential of technology in reshaping the finance sector.

In 2019, he established Interlace aiming to bridge the gap between conventional banking and the burgeoning crypto economy via compliant crypto asset services.

Today, Interlace boasts an impressive range of products, including Global Account, InfinityCard, CaaS API, and BaaS API—all interconnected through the fundamental CryptoConnect infrastructure. This collection of tools provides businesses with an all-in-one platform for managing both crypto and fiat transactions, facilitating transfers and exchanges. Interlace’s solutions allow for near-instant payments, bypassing the delays and currency conversion losses typically associated with traditional financial systems.

Businesses benefit from the intuitive exchange between cryptocurrencies and fiat currencies, enjoying enhanced liquidity management. This is particularly vital for small and medium-sized enterprises (SMEs) seeking to reduce expenditures and enhance their entry into the global financial arena.

What motivated the creation of the CaaS, and how do they blend with existing financial frameworks?

Interlace rolled out CaaS to overhaul the traditional model of card issuance. Through in-depth research with clients, we identified that card payments play an essential role in effective financial administration, addressing supplier payments, employee travel costs, and various subscription services. Furthermore, digital platforms, including exchanges and wallets, can issue cards for their end-users, broadening spending capabilities and improving liquidity for crypto assets.

Yet, conventional card issuance processes with banks can be laborious and lengthy, often requiring extensive documentation and prolonged waiting times, while inadequately supporting transactions related to cryptocurrency.

To tackle the obstacles linked with modern card issuance and its integration with crypto, Interlace has developed the CaaS API. This powerful solution allows businesses to launch comprehensive card issuance systems within as little as two weeks, managing everything from wallet integration to mass card production, thus simplifying the entire operation.

The CaaS API is equipped with essential features like support for multi-BIN card issuance, generation of wallet deposit addresses, KYT verification for crypto deposits, and KYC processes for cardholders, available via API-driven or custodial modes. All operations run on a secure custodial framework that aligns with regulatory requirements.

These capabilities guarantee full transparency and adherence to compliance throughout all financial transactions. By connecting the realms of Web3 and Web2, Interlace empowers users to effortlessly exchange, spend, and transfer value in both cryptocurrency and fiat ecosystems.