Since the release of the Bitcoin whitepaper in 2008, blockchain has promised to create a new global payment network that would challenge incumbents, from banks to governments. That dream has often collided with regulations, which still determine how money—virtual or otherwise—can move around the world.
Predicate, a new startup founded by two alumni of the blockchain Celo, wants to help crypto firms navigate those regulations. It is offering a service it says can let crypto apps seamlessly implement the logic that decides whether any given transaction can be approved—a decision based on a complicated piece of infrastructure that undergirds products from Netflix to Venmo.
