Sila Money

Build the new financial world.

Finnovation SF: From Founders to Founders

The early days for a FinTech founder are often no cake walk. There’s money to be raised, customers to attract, products to build, regulations to worry about, and a successful team to be compiled. We understand. We’ve been there before. That’s why we’re hosting our second Finnovation, to bring founders together and share experiences with […]

Read more...

Women of FinTech: Laura Spiekerman

Diversity in the workforce is a key component of our work at Sila, and in this blog series we’re placing the spotlight on the fearless and inspirational women who make FinTech thrive. Name? Laura Spiekerman   What’s the name of the company you currently work for, and your title there? Alloy, Co-founder and CRO   […]

Read more...

Facebook’s Libra: What to Expect at Launch

Facebook’s Libra project is going to be announced soon. If the Block’s reporting is accurate, it will be announced on June 18 with an impressive list of partners. Everybody from Coinbase to Stripe to Andreessen Horowitz has signed up to be a launch partner of some sort.     Whatever happened to Credits? This isn’t the first time that Facebook has tried to […]

Read more...

Stable Tokens as a Medium of Exchange

On June 25 Sila co-founder and CTO Alex Lipton spoke on “Stable Tokens and Distributed Financial Market Infrastructure”at the 2019 Crypto Valley Conference on Blockchain Technology, in Zug, Switzerland. Later that day he also joined the Economics & Finance Panel to share his thoughts on the state of digital currencies, as well as Facebook’s introduction […]

Read more...

Sila’s CEO Shines in Hacker Noon AMA

Sila CEO and co-founder Shamir Karkal participated in a Hacker Noon AMA on June 11 to field some questions from the community and share his experience in building successful FinTech companies. Almost 70 questions came in from the developer community, and Karkal provided answers on everything from his thoughts on the state of banking during the […]

Read more...

Using AWS Lambda & SQS With Web3

This article takes a deep dive into how we use AWS Lambda functions and SQS at Sila to broadcast SilaToken smart contract transactions on Ethereum. The first section explains the architecture we have in place to handle Ethereum transactions. Section two dives into the overall transaction life-cycle, and section three goes into detail on how […]

Read more...

Challenges & Solutions for FinTech Developers: Regulations

Established FinTech developers and entrepreneurs know regulatory compliance is one of the most difficult aspects of bringing a new product or service to market. Newcomers to the FinTech field typically expect regulatory challenges, but rarely comprehend how immense the challenges awaiting them actually are. This is one of the main reasons tech entrepreneurs see financial […]

Read more...

A Faster & Easier Way to Move Money

The buzz on the streets is real! We have now officially launched the Beta of the Sila API platform to provide developers and startups the necessary tools to build financial applications in a quick and painless way. The platform is supported by the SILA token, a regulatory-compliant means of exchange that speeds up your building process […]

Read more...

How Blockchain is Driving Mobility

On April 19 Shamir Karkal interviewed Benjamin Diggles, VP of Business Development at Constellation Labs, to gain insight on the role blockchain is playing in the mobility space. The discussion explored: How distributed ledger technology (DLT) serves as the binding agent for unlocking the true potential of connected machines The innovative features & exciting possibilities […]

Read more...

Finnovation PDX

Over the last 10 years Portland has steadily defined itself as an impressive hub of the sweeping FinTech movement. Innovative technology has popped up left and right in the Pacific NW, inspiring the development of such companies as Vault, Giftango, and Simple Bank. These exact companies would foster the growth of even more exciting FinTech […]

Read more...

Everything You Need to Know About ICO

On February 21, Sila hosted a webinar that featured Marcus Estes, CEO of Chroma, and Shamir Karkal, CEO and Co-Founder of Sila. The in-detail discussion covered such topics as: Regulatory issues associated with creating an ICO Token economics versus using tokens for fundraising How the ICO landscape looks outside of the U.S. What the future […]

Read more...

How Cryptocurrency & Decentralization Impact Global Finance

Considering the events of 2018, you’d be forgiven for thinking the tech world had heard the last of cryptocurrency. From a January 2018 high of $20,000 to a stumbling low under $4,000, the world’s foremost cryptocurrency — Bitcoin — had seemingly burst its bubble. And while the Bitcoin tumble has dragged down the entire speculative cryptocurrency market, some analysts […]

Read more...

Startup Evolution: From A FinTech CEO Perspective

On February 6 Sila hosted a very informative panel discussion at Seattle’s WeWork Labs, featuring Sila CEO Shamir Karkal, Hover CEO Ben Lyon, and Remitly CEO Matt Oppenheimer, moderated by TF Blockchain founder and EVERY* CPO Jonathan Blanco. Each panel member talked of their background in FinTech, and how the building of such tech has […]

Read more...

How Sila’s API Helps Apps Innovate & Make Finance Work for All

…in a much less painful way than ever before! In 2017 Justin Thomas was overwhelmed by the number of Americans that lived paycheck-to-paycheck, and this was driven home during the most recent government shutdown. As a software engineer by trade, Justin saw an opportunity to build a tool to help people share and distribute their […]

Read more...

The Maze of Blockchain Regulations

On January 16 Sila co-founders Shamir Karkal and Angela Angelovska-Wilson got together to talk about  How to Bring a Blockchain Product to Market-Legally. The CEO & CLO shared a very informative, and at times hilarious, conversation. Here’s a few of the topics covered: How to launch a successful Initial Coin Offering (ICO) Avoiding pitfalls when […]

Read more...

Why the Financial World Needs to Know Your Customer (KYC)

On December 18 Sila hosted the first of many webinars to come, this time focusing the conversation on Why the Financial World Needs to Know Your Customer (KYC). Sila co-founder and CEO Shamir Karkal joined Alloy CEO Tommy Nicholas and CRO Laura Spiekerman for a very detailed discussion on: Laws & requirements pertaining to KYC Why […]

Read more...

6 Problems Tomorrow’s FinTech Apps Will Solve

Few organizations are feeling the quickening pace of technological disruption more than banks. Traditional banking institutions are fast-tracking bottom-up transformations in order to capitalize on new collaborative opportunities for long-term growth. Those opportunities aren’t limited to major business partners and technology vendors, either. Financial institutions are looking to technology to better equip and inform their […]

Read more...

What Are Smart Contracts and How Do They Apply to FinTech?

Smart contracts. As one of the most hyped words being thrown around by blockchain developers and FinTech engineers, it combines two simple concepts into one surprisingly complex and powerful idea. Ask any Ethereum enthusiast about smart contracts and you’ll get an excited — if sometimes vague — answer. Some will say it can automate financial transactions, others will say […]

Read more...

Announcing Sila — building the new financial world

For as long as people have lived, we’ve sought ways to make more out of what we have through trade. In 3000 B.C. the Sumerians created the ‘sila’, the first ‘token’, which began with a small bowl used to measure a standardized volume of barley. This original ‘currency’ established the foundation of finance. Today I’m […]

Read more...

Sila CTO Alex Lipton Co-Authors “Digital Trade Coin: towards a more stable digital currency”

Updated July 29, 2019 MIT Fellow Says Facebook ‘Lifted’ His Ideas for Libra Cryptocurrency – Yahoo News Several aspects of the social network’s much-ballyhooed global cryptocurrency project uncannily resemble the vision laid out in a paper published last year in the Royal Society’s Open Science publication. Quant Lipton pans Facebook’s Libra – Risk.net Like an “elephant in […]

Read more...