Ripley Discloses Payroll and Remittance Firms Use Kraken for Liquidity
Dave Ripley · Dave Ripley: Are the SEC Overreaching with its Approach to Crypto? Should Gensler Step Down? | E1108 · 20VC with Harry Stebbings · Jan 26, 2024 · at 24:01
Dave Ripley, CEO of Kraken, details how international payroll and remittance businesses currently use Kraken's exchange infrastructure to facilitate cross-border money transfers.
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“We have, you know, payroll and remittance companies that are you know, clients for Kraken that, you know, run this business in, they simply use you know, Kraken for back-end liquidity, you know, to convert from, you know, fiat to crypto, and they use the crypto side of things to, you know, to move money from one geography to the next, but, you know, for their customers, they you know, they are providing kind of like a fiat in, fiat out on one side versus the other.”
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