Stablecoin startups accelerate entry into the payments industry
- 1Since establishing its venture fund two years ago, Verda Ventures has raised $40 million by acquiring stakes in approximately 24 companies worldwide.
- 2Rain secured Western Union as a client last year and added MoneyGram and Live Nation as clients this year.
- 3MassPay holds 300 corporate clients and processes approximately 10% of its tens of billions of dollars in annual transaction volume using stablecoins.
So what's the key point?
Rain is expanding its payments business by welcoming MoneyGram and Live Nation as clients. MassPay processes 10 percent of its annual transaction volume using stablecoins and maintains a base of corporate clients.
Source Payments Dive · View original ↗
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