In the early days of the internet, Pelle, together with a group of pioneers, explored how to use cryptography to build financial products on top of the internet. When bitcoin was born, the members of that group became the people who built a lot of the core technology on top of Bitcoin.
Pelle views that blockchain technology is very close to where he’d imagined it’d be today vs. a decade ago and he’s never been as excited as before. The reason behind his enthusiasm is regulation has finally caught up with crypto.
The Financial Action Task Force, the organization that sets AML guidelines for regulators, has rolled out the Travel Rule. It is the last bit of what we need to push crypto to be used for mainstream use cases, such as eCommerce payments because it allows companies to trace transactions from the blockchain to the real world.
Notabene plays a crucial part in helping companies handle crypto in a compliant way by providing a regulatory compliant layer to crypto transactions, eliminating the risk of sending funds to illegal persons or entities.