Moving From Electronic to Onchain Money: Farooq Malik on the Fintech One-on-One Podcast

Rain’s CEO and co-founder, Farooq Malik, joined Peter Renton on the Fintech One-on-One podcast to discuss how onchain money is redefining global payments and what it means for the future of financial infrastructure.

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You can listen to the full episode here.

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Farooq’s conversation unpacked how Rain is helping fintechs and enterprises move from electronic to onchain money — unlocking faster settlement, lower working capital needs, and truly global reach. Below are the top takeaways from the discussion:

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1. It’s Not Crypto vs. Fintech

The future of finance isn’t about some sort of crypto vs. fintech fight for dominance — onchain money is the next evolution of financial technology. Just as paper money gave way to electronic payments, onchain money marks the next era: the programmable age of finance. Stablecoins, tokenized deposits, and CBDCs all represent money that can move, reconcile, and settle instantly around the clock.

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2. Rain Is Building the Infrastructure for Onchain Money

Rain provides the infrastructure that lets fintechs and enterprises move and settle value onchain, without adding complexity. With one API, partners can issue cards, manage payroll, and process payments in multiple markets — all powered by stablecoin settlement rails.

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3. Continuous Settlement with Visa

Rain became the first company to settle Visa transactions using stablecoins seven days a week, including on weekends and holidays. This breakthrough reduces working capital requirements and makes near-instant liquidity a reality for fintechs and their customers.

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4. One API for Global Scale

Fintechs no longer need to rebuild or relicense for every market. Rain’s infrastructure abstracts away local processing and compliance layers, enabling companies to go global faster with the same performance and reliability everywhere.

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5. The Next Chapter of Financial Infrastructure

Farooq emphasizes that onchain money isn’t a replacement for fintech — it’s its next evolution. By upgrading the backend while preserving familiar user experiences, Rain is helping the world transition from digital to programmable money, seamlessly.

Farooq closed with a reminder that technology should make finance simpler, faster, and more open. Onchain infrastructure is how that vision becomes real.