30s Summary

Unlimit, a global fintech firm led by Bryan Feng, aims to facilitate the transition between traditional cash and digital currencies with its crypto on-ramp and off-ramp programs. Feng believes this is a vital step for the growth and sustainability of new projects in the Web3 ecosystem. Unlimit’s infrastructure allows businesses to operate without geographical or financial limits, and includes real-time settlement services. Moreover, the company uses artificial intelligence for security and optimization, improving efficiency while adhering to regulatory standards and aiding in fraud detection.

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Cryptos are being adopted more and more these days, requiring a bridge that’s both scalable and trustworthy between traditional and decentralized finance.

Unlimit, a global fintech firm, wants to make it easier for companies and users to switch between regular cash and digital currencies with its crypto on-ramp and off-ramp solution. In this interview, Bryan Feng, the head of crypto at Unlimit, discusses how the company is pushing the development of the crypto ecosystem with the provision of these on- and off-ramps. According to him, these efforts are crucial for the growth of the Web3 space, especially for new projects that need a smooth integration between traditional and decentralized finance.

According to Bryan, easy movement between regular and digital currency is an essential part of any successful crypto system. This is extremely important for the long-term survival of new projects that want to encourage people to get on board and familiarize themselves with traditional financial systems. A trustworthy gateway from cash to crypto isn’t just a nice-to-have, it’s essential for the growth of the ecosystem.

With its crypto on-ramp and off-ramp products, Unlimit offers an infrastructure that simplifies the transition between cash and digital currencies. This allows companies to scale without any problems, enables easy exchange services for both cash and crypto, lowers the barriers to entry, and makes it easier for users and companies to work with digital assets.

Unlimit’s platform is perfect for projects that need to get to market quickly and focus on winning users. For businesses based on crypto, this means they can concentrate on building and scaling their products within the Web3 ecosystem, while Unlimit’s crypto solutions see to the payment side.

Bryan explains that Unlimit’s main contribution to the development of the ecosystem is the provision of essential infrastructure that allows businesses to operate globally without being hindered by financial or regulatory limitations. For instance, their integration with the World App enables users in Colombia, Mexico, and Europe to easily convert Worldcoin into local cash currencies. This cash-to-crypto off-ramp is crucial for accepting digital currencies and allowing users to interact with them daily.

Aside from this, they also support crypto companies with cash payment processing, and by helping them roll out their own financial solutions through their BaaS product, including launching their own white-label crypto-enabled debit cards.

Unlimit’s products are created to support operations across borders, allowing businesses to grow without any geographical or regulatory limits. They offer real-time settlement services that reduce the risks associated with exchange rate volatility. This means that businesses can accept payments from anywhere in the world, knowing that currency fluctuations won’t impact their bottom line.

Lastly, Bryan talks about how they integrate artificial intelligence into their crypto product and sees potential in this technology. By using AI to secure and optimize their platform in key areas like KYC and Know Your Transaction (KYT) processes, they enable quicker, more efficient onboarding processes for businesses while adhering to strict compliance set by regulatory standards. AI also aids in fraud detection by analyzing big amounts of transactional data in real time. This prevents suspicious transactions from becoming a problem, creating a proactive risk management system that maintains trust in the ecosystem for businesses and users.

Source: Cointelegraph