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

We can have those stable coins converted into dollars within 10 minutes.

We then can set a set of uh instructions to a licensed entity.

And so basically in under 30 minutes, we will have done the entire process.

sent the wire out.

And at most, uh, depending upon uh the size of the entity that the domestic wire is being sent to, a customer has to wait, you know, an additional 30 minutes.

So within less than an hour.

We've basically taken a payment from Central or South America, converted it to dollars, and then paid a domestic entity here in the United States.

And I don't think there's a faster way to do it.

But what's important to note here is we're only scratching the surface, right?

Because we're operating in a web three world at at sphere, but we have always an eye on the fact that the regulatory world is still web two, right?

So where we would like to really push the envelope and be able to use blockchain and and get things going, domestically, we're just not there yet.

But but our hope is that

But um, you know, we get some consensus and and move forward.

Yeah.

Uh so here's what I'll say.

I've spent twenty nine years in the payment space, right?

I have yet to see fraud being solved here in the United States within the payments industry.

So there are bad actors everywhere.

Now that does not excuse some of the things that we have seen in the web three space, and I'm not going to do that.

I believe that my job as the chief risk officer is to follow all of the regulations that we have here domestically and internationally and make sure that we built in an appropriate program to cover off those bases.

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