Anthony Serio

speaker

242 appearances 2 recordings 1 series first heard Oct 2024 last heard 11 Jun

Anthony Serio’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

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Off the Rails from the U.S. Faster Payments Council - FPC · 10 Oct 2024 Anthony Serio of Sphere Labs on Web3 and Cross Border Faster Payments, Access to 5G, and Disneyland · 10 Oct 2024 podcast

Yeah, that's a great question.

I I think

First, we're a Web3 company, right?

So we are blockchain dependent and we are trying to offer alternatives to the typical foreign exchange cross-border payments.

And what we found for our customers in Central and South America is not only do we have liquidity issues at those central banks, but speed is really, really important because folks are in different time zones.

And we have to be able to move money so that they can meet their deadlines.

And so within our B2B payment structure, what we'll do is we'll allow them to send us stable coin, right?

So we know we're receiving a coin backed by the US dollar.

We then exchange that for dollars and work with licensed entities to then make a domestic payment to their vendors that they owe money to.

And we're

able to do this in a manner in which um we can set the wire up and send it.

And within about 10 minutes, their customer can acknowledge receipt of funds.

And that really does separate us from your traditional cross-border payment structure in which people have to wait, you know, T plus one or T plus two to get to get receipt if if they're lucky.

Yeah, I I I think for international customers in the B2B space, right?

Traditionally, as a guy who used to sit on an ethics desk as a trader, right, we would only think in currency pairs, right?

But it's 2024.

And what we know is that people can hold stable coins, which is like holding dollars.

but not have the same restrictions with time zones and time frames of their local bank, not to mention the bank that they would have to try to send money to.

And what we are trying to prevent here is that delay, right?

And so we can receive stable coins within a minute.

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