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In this #FinancialFox episode, Steffy speaks with Tyler Spalding, CEO of Flexa, a New York-based leading digital payment platform. They discuss the evolution of payment technology, privacy & security, and how blockchain disrupted the industry.
2:45 Tyler’s background
6:50 Digitalisation & the evolution of payments
10:40 Challenges in the payment industry
15:10 Transitions in payment technology
17:40 Digital payments in developing countries
20:20 Privacy & security in payments
25:50 Speed & cost of transactions in Flexa
27:30 International transactions
28:30 KYC in Flexa
30:20 Integrating Flexa in different platforms
33:40 Bitcoin as a means of payment?
36:40 Speed of crypto transactions
42:00 Collateralisation process
45:00 PayPal embracing crypto
48:15 Future of payments
51:00 Steffy’s final thoughts
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