{
  "attribution": "Content provided by BenMilne.com. Please cite https://benmilne.com as the source.",
  "query": "value",
  "data": [
    {
      "slug": "the-value-layer-expanded",
      "title": "The Value Layer – Expanded",
      "date": "2022-12-09T00:00:00.000Z",
      "modified": "2026-06-13T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "An expanded framework mapping global systems connected through the internet’s value layer. Cataloging access types, transfer types, and value types across payment infrastructure.",
      "url": "https://benmilne.com/the-value-layer-expanded",
      "featured_image": "/assets/media/2026/06/the-value-layer-expanded-og.png",
      "categories": [
        "Payment Systems"
      ],
      "tags": [
        "payments",
        "infrastructure",
        "value layer",
        "global payments",
        "transfer types",
        "currency",
        "open source"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ],
      "snippet": "Since I wrote the original value layer blog post, I’ve wanted to expand on the idea and start…"
    },
    {
      "slug": "the-value-layer-of-the-internet",
      "title": "The Value Layer",
      "date": "2021-07-31T00:00:00.000Z",
      "modified": "2026-06-13T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "The value layer of the internet encompasses the complex systems supporting value exchange online, including access, value types, transfer types, and verification layers.",
      "url": "https://benmilne.com/the-value-layer-of-the-internet",
      "featured_image": "/assets/media/2026/06/the-value-layer-of-the-internet-og.png",
      "categories": [
        "Payment Systems"
      ],
      "tags": [
        "Fintech",
        "payments",
        "infrastructure",
        "value layer",
        "transfer types",
        "internet"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ],
      "snippet": "The phrase the value layer of the internet is peppered throughout my work. When I…"
    },
    {
      "slug": "value-derivations",
      "title": "Value Derivations",
      "date": "2025-09-28T00:00:00.000Z",
      "modified": "2026-06-13T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "Value derivations describe the expansion of the internet’s payment stack. How new technical layers build on top of access, value types, and transfer types to move money.",
      "url": "https://benmilne.com/value-derivations",
      "featured_image": "/assets/media/2026/06/value-derivations-og.png",
      "categories": [
        "Payment Systems"
      ],
      "tags": [
        "payments",
        "infrastructure",
        "value layer",
        "transfer types",
        "stablecoins",
        "payment stack"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ],
      "snippet": "I use a simple model when thinking about how value moves across the internet: - ValueType defines what is moving –…"
    },
    {
      "slug": "visa-stablecoin-settlement",
      "title": "Visa Stablecoin Settlement",
      "date": "2026-06-07T00:00:00.000Z",
      "modified": "2026-06-07T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "Visa and Brale announced a stablecoin settlement project on Canton. What that means for card settlement, institutional privacy, and the infrastructure underneath.",
      "url": "https://benmilne.com/visa-stablecoin-settlement",
      "featured_image": null,
      "categories": [
        "Payment Systems"
      ],
      "tags": [
        "Brale",
        "stablecoin",
        "payments",
        "visa",
        "canton",
        "settlement",
        "infrastructure"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ],
      "snippet": "…SBC on Canton POST /accounts/{accountid}/transfers { \"amount\": { \"value\": \"4250000.00\", \"currency\": \"USD\" }, \"source\": { \"valuetype\":…"
    },
    {
      "slug": "say-about-bitcoin",
      "title": "Everything no one wants me to say about Bitcoin",
      "date": "2013-04-08T00:00:00.000Z",
      "modified": "2026-02-23T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "An early, unfiltered perspective on Bitcoin from 2013 by Dwolla founder Ben Milne. Observations on digital currency hype and reality before stablecoins existed.",
      "url": "https://benmilne.com/say-about-bitcoin",
      "featured_image": null,
      "categories": [
        "Financial Regulation"
      ],
      "tags": [
        "bitcoin",
        "fincen",
        "virtual currency",
        "payments",
        "stablecoins",
        "cryptocurrency",
        "digital value"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ],
      "snippet": "…phone that allow you to own credits. You can also use these forms of value to buy drugs or purchase illicit services. The USD $100 may be…"
    },
    {
      "slug": "graphing-standard-format",
      "title": "Graphing Standard Format",
      "date": "2026-06-21T00:00:00.000Z",
      "modified": "2026-06-21T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "Relationship mapping is no different than funds flow design. GSF is a small set of rules for visualizing relationships so humans and machines don't have to decide how to show a graph.",
      "url": "https://benmilne.com/graphing-standard-format",
      "featured_image": "/assets/media/2026/06/graphing-standard-format-og.png",
      "categories": [
        "Infrastructure"
      ],
      "tags": [
        "visualization",
        "value layer",
        "graphs",
        "standards",
        "force-directed",
        "D3"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ],
      "snippet": "…Output Mermaid sequence diagrams D3 relationship graphs Answers How value steps from A to B, in order What exists and how it is connected…"
    },
    {
      "slug": "new-brale-apis",
      "title": "New Brale Stablecoin API",
      "date": "2025-06-24T00:00:00.000Z",
      "modified": "2026-02-23T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "Brale shipped a redesigned stablecoin API, built through a design cohort in Q1 and moved to production with real customers. A record of how the API came together.",
      "url": "https://benmilne.com/new-brale-apis",
      "featured_image": "/assets/media/2026/06/new-brale-apis-og.png",
      "categories": [
        "Stablecoin Infrastructure"
      ],
      "tags": [
        "blockchain",
        "Brale",
        "stablecoins",
        "API",
        "developer tools",
        "webhooks"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ],
      "snippet": "…out to be a little more involved. The Brale API supports multiple value types each representing a distinct asset and multiple transfer…"
    },
    {
      "slug": "dollar-on-deposit",
      "title": "What’s a dollar on deposit worth?",
      "date": "2020-05-17T00:00:00.000Z",
      "modified": "2026-06-13T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "The value of a dollar on deposit is at the heart of every fintech-bank conversation. After a decade building payment products, exploring this foundational question.",
      "url": "https://benmilne.com/dollar-on-deposit",
      "featured_image": null,
      "categories": [
        "Payment Systems"
      ],
      "tags": [
        "Fintech",
        "stablecoins",
        "banking",
        "digital dollars",
        "deposits",
        "interest rates",
        "value"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ],
      "snippet": "…question alluded to my own flaw in the approach of defining value. I’ve been going too low level One thing was consistent in the…"
    },
    {
      "slug": "better-funds-flows",
      "title": "Better Funds Flows",
      "date": "2025-04-13T00:00:00.000Z",
      "modified": "2026-02-23T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "As stablecoins embed into more payment systems, funds flows need to be standardized. A practical look at mapping and simplifying how money moves through fintech infrastructure.",
      "url": "https://benmilne.com/better-funds-flows",
      "featured_image": "/assets/media/2026/06/better-funds-flows-og.png",
      "categories": [
        "Payment Systems"
      ],
      "tags": [
        "payments",
        "settlement",
        "infrastructure",
        "funds flows",
        "banking",
        "APIs"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ],
      "snippet": "…here that make the funds flow a bit easier to read built off the value layer concepts 1,2. 1. ValueType – What is being transferred…"
    },
    {
      "slug": "payment-regulations",
      "title": "Payment regulations and the evolving value stack",
      "date": "2022-09-24T00:00:00.000Z",
      "modified": "2026-02-23T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "Existing payment regulation works for fiat-backed stablecoins but struggles with algorithmic variants. How the regulatory framework is evolving alongside the payment value stack.",
      "url": "https://benmilne.com/payment-regulations",
      "featured_image": null,
      "categories": [
        "Financial Regulation"
      ],
      "tags": [
        "payments",
        "compliance",
        "regulation",
        "financial regulation",
        "value stack"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ]
    },
    {
      "slug": "the-physics-of-money",
      "title": "The Physics of Money",
      "date": "2026-02-06T00:00:00.000Z",
      "modified": "2026-02-23T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "The physics of money is a framework for understanding how stablecoins move value across systems. Ben Milne explores cost reduction, speed, and programmability in digital dollar infrastructure.",
      "url": "https://benmilne.com/the-physics-of-money",
      "featured_image": "/assets/media/2026/06/the-physics-of-money-og.png",
      "categories": [
        "Stablecoin Infrastructure"
      ],
      "tags": [
        "payments",
        "infrastructure",
        "physics",
        "money",
        "velocity",
        "friction"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ]
    },
    {
      "slug": "rolling-out-sbc-stable-coin-as-its-own-company",
      "title": "Rolling out SBC (Stable Coin) as it’s own company",
      "date": "2024-12-10T00:00:00.000Z",
      "modified": "2026-02-23T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "Brale rolled out SBC stablecoin as its own entity. Why separating a foundational stablecoin from its issuance platform strengthens the broader stablecoin ecosystem.",
      "url": "https://benmilne.com/rolling-out-sbc-stable-coin-as-its-own-company",
      "featured_image": "/assets/media/2024/12/rolling-out-sbc-og.png",
      "categories": [
        "Stablecoin Infrastructure"
      ],
      "tags": [
        "Brale",
        "SBC",
        "company-building",
        "stablecoins",
        "spin-off"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ],
      "snippet": "…products. There are still a few key features that make SBC high value and reliable. It has the basics nailed, which is shared with all…"
    },
    {
      "slug": "no-rails",
      "title": "Mono-rail to no rails",
      "date": "2022-10-20T00:00:00.000Z",
      "modified": "2026-06-13T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "Traditional payment environments focus on transfer types and rails. DeFi changes the model entirely. Comparing how money moves in traditional finance versus decentralized systems.",
      "url": "https://benmilne.com/no-rails",
      "featured_image": null,
      "categories": [
        "Payment Systems"
      ],
      "tags": [
        "infrastructure",
        "evolution",
        "payment rails",
        "protocol",
        "value transfer"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ]
    },
    {
      "slug": "games-and-gains",
      "title": "Games and Gains",
      "date": "2021-12-19T00:00:00.000Z",
      "modified": "2026-02-23T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "A thousand hours in Fortnite might not be wasted. On gaming economies, what kids learn from virtual worlds, and the overlap between games and real-world financial systems.",
      "url": "https://benmilne.com/games-and-gains",
      "featured_image": null,
      "categories": [
        "Company Building"
      ],
      "tags": [
        "Fortnite",
        "NFT",
        "company-building",
        "gaming",
        "incentives",
        "product design"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ],
      "snippet": "…asset class starts to open us up to an entirely new way of building value or monetizing it later on. Both aspects feel fairly unbounded.…"
    },
    {
      "slug": "verticals-to-ecosystems",
      "title": "Verticals to Ecosystems",
      "date": "2022-09-05T00:00:00.000Z",
      "modified": "2026-06-13T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "Horizontal fintech technologies scale across customer verticals into ecosystems. Building on Matt Harris’s verticalization thesis with observations on how fintech platforms evolve.",
      "url": "https://benmilne.com/verticals-to-ecosystems",
      "featured_image": null,
      "categories": [
        "Payment Systems"
      ],
      "tags": [
        "payments",
        "platform",
        "evolution",
        "ecosystems",
        "verticals"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ],
      "snippet": "…of FinTech a few year ago. The TL/DR for me is that a lot of high-value technology will be built and scaled across several customer…"
    },
    {
      "slug": "day-zero-06",
      "title": "Day Zero 06",
      "date": "2026-05-09T00:00:00.000Z",
      "modified": "2026-05-09T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "Day Zero 06 happened this week. Five teams demoed agent commerce running live–sub-penny microtransactions, 18-second settlement webhooks, 30-line x402 servers, and policy-controlled wallets. The value layer is becoming real.",
      "url": "https://benmilne.com/day-zero-06",
      "featured_image": null,
      "categories": [
        "Stablecoin Infrastructure"
      ],
      "tags": [
        "Brale",
        "day zero",
        "company-building",
        "infrastructure",
        "stablecoins"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ]
    },
    {
      "slug": "cbdc-currency-bandwidth",
      "title": "CBDC & Currency Bandwidth",
      "date": "2021-08-07T00:00:00.000Z",
      "modified": "2026-02-23T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "Central Bank Digital Currency raises complex design questions about digital money infrastructure. Exploring currency bandwidth and what building a CBDC actually requires.",
      "url": "https://benmilne.com/cbdc-currency-bandwidth",
      "featured_image": null,
      "categories": [
        "Payment Systems"
      ],
      "tags": [
        "CBDC",
        "real-time payments",
        "infrastructure",
        "stablecoins",
        "banking",
        "currency bandwidth"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ],
      "snippet": "…of the currency. CBDC could create near infinite bandwidth for value issued from a central bank If we consider the CBDC opportunities…"
    },
    {
      "slug": "boring-stablecoins",
      "title": "Boring Stablecoins",
      "date": "2022-06-10T00:00:00.000Z",
      "modified": "2026-06-13T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "The best stablecoins are boring by design. Why Brale builds fiat-backed stablecoins focused on compliance, usability, and real-world payment use cases rather than speculation.",
      "url": "https://benmilne.com/boring-stablecoins",
      "featured_image": "/assets/media/2022/06/boring-stablecoins-og.png",
      "categories": [
        "Stablecoin Infrastructure"
      ],
      "tags": [
        "Brale",
        "infrastructure",
        "stablecoins",
        "regulation",
        "digital dollars"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ],
      "snippet": "…the first answer you get is: Stablecoins are cryptocurrencies. The value of which is pegged, or tied, to that of another currency,…"
    },
    {
      "slug": "ledgering-and-blockchains",
      "title": "Traditional Ledgering and Blockchains",
      "date": "2022-10-29T00:00:00.000Z",
      "modified": "2026-06-13T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "A comparison of blockchain performance and traditional database ledgering for payments. Observations from Money 20/20 on how banks and fintechs approach transaction records.",
      "url": "https://benmilne.com/ledgering-and-blockchains",
      "featured_image": null,
      "categories": [
        "Payment Systems"
      ],
      "tags": [
        "blockchain",
        "infrastructure",
        "ledgering",
        "accounting",
        "value records"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ]
    },
    {
      "slug": "milne-day-zero",
      "title": "Day Zero",
      "date": "2021-03-07T00:00:00.000Z",
      "modified": "2026-02-23T00:00:00.000Z",
      "author": "Ben Milne",
      "summary": "Before Brale had a name, cold weeks in Iowa created space to think about what to build next. Raw founder reflections on the moment before day one.",
      "url": "https://benmilne.com/milne-day-zero",
      "featured_image": null,
      "categories": [
        "Company Building"
      ],
      "tags": [
        "day zero",
        "company-building",
        "startups",
        "entrepreneurship",
        "beginning"
      ],
      "language": "en",
      "is_translation": false,
      "translations_available": [
        "es",
        "zh",
        "ar",
        "pt-br",
        "fr",
        "ja",
        "de",
        "ru",
        "id",
        "hi",
        "ko",
        "tr",
        "vi"
      ],
      "snippet": "…on where you are at in the world. If you were talking about the value in creating a new currency and thinking about examples with the…"
    }
  ],
  "total": 20,
  "images": [],
  "total_images": 0,
  "meta": {
    "language": "en",
    "source_language": "en",
    "is_translation": false,
    "available_languages": [
      "en",
      "es",
      "zh",
      "ar",
      "pt-br",
      "fr",
      "ja",
      "de",
      "ru",
      "id",
      "hi",
      "ko",
      "tr",
      "vi"
    ]
  }
}