Search results for Lead Bank
Finance
U.S. banks move to define liability for AI errors in financial transactions
U.S. banks, payment companies and technology firms are stepping up discussions on standards to determine liability for financial transactions carried out by AI agents. A central issue is who is responsible when an AI agent makes an error or is defrauded during a transaction: the consumer, the bank or the AI developer. Lead Bank proposed a waterfall framework that assigns liability by cause, while Primitive suggested a protocol to verify AI identity, user approval and transaction traceability.
Crypto
World rolls out \'World Money\' finance super app in about 150 countries; features vary by country
Digital identity verification project World has begun distributing its self-custody finance app, World Money, in about 150 countries. The app combines stablecoins, global payments, virtual accounts, trading and yield programs, but what users can access varies by country depending on regulation and supporting infrastructure. It supports balances in eight currencies and username-based transfers, and includes mini apps and an on-chain lending-based Earn feature. World also outlined risks and limits tied to accounts and recovery.
Crypto
Visa-led crypto card payments surge 230 percent year on year
Crypto card payments are growing rapidly, reshaping competition in the global payments industry. Onchain-based crypto card payments recently hit a record $7.8 billion, with Visa accounting for about 90 percent of transactions. PaymentScan data showed total crypto card payments have risen about 230 percent since May 2025 as users spend stablecoins held in wallets without bank transfers. Visa is expanding stablecoin-linked card programs with Bridge and moving toward onchain settlement.
