Webinar: Interledger Hackathon
If you could eliminate the barriers of cross-border payments with the same simplicity as sending an email, what would you build?
This question isn’t a utopia; it was the central point of a fundamental conversation we had this past September 2nd. If you missed it, now is your chance to catch up.
The recording of the webinar “Interledger Hackathon: Introduction to Open Payments + Live Q&A” is now available, a session that laid the groundwork for the future of financial innovation in the region.
We featured a panel of true experts who are leading this transformation:
- Alex Lakatos – CTO, Interledger Foundation
- Marian Villa Roldán – Developer Advocate, Interledger Foundation
- Roberto Valdovinos – CEO, The People’s Clearinghouse
- Max Kurapov – Technical Lead, Interledger Foundation
- Moderated by Andres Fontao, CEO of Finnosummit.
Key Insights You Can’t Miss:
For an hour, the panel broke down why Open Payments are much more than just a new technology. Some of the most revealing moments included:
- The “Email for Payments” Vision: Alex Lakatos explained how the Interledger Protocol aims to make sending money between different platforms, currencies, and borders as simple as sending an email, eliminating the friction that defines current systems.
- The Real Problem in Mexico: A powerful story was shared about a community in Oaxaca where sending a remittance from the U.S. can cost up to 18% and take 3 days. Open Payments aims to reduce that time to one second and the cost to less than 1%.
- The “Game-Changer” for Marketplaces: It was revealed how a marketplace, using Interledger, can facilitate split payments (e.g., 90% to the seller, 10% to the platform) in a single transaction without needing to touch the money, thus eliminating the requirement for a PSP (Payment Service Provider) license.
- Micropayments and New Business Models: Unlike traditional networks, this technology allows for micro-transactions (even down to a hundredth of a cent), opening the door to business models like real-time streaming payments.
This conversation is the perfect introduction to understand the magnitude of the opportunity before us.
If you want to fully understand the potential of Open Payments and prepare for the most important innovation event of the year, look no further.
And if you feel inspired to move from theory to action after watching, we remind you that the Interledger Hackathon (November 8th and 9th) awaits.