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Rise Pay has successfully raised $6.3 million in a Series A funding round, with backing from notable investors including Draper VC, Polymorphic Capital, and Digital Currency Group. The company aims to enhance cross-border payments and payroll infrastructure by integrating stablecoins into its on-chain system, addressing inefficiencies in global contractor payments. The funding reflects a growing trend towards the adoption of stablecoins in payroll processes, which was once considered a far-fetched idea. In related developments, Stripe is expanding its crypto services to the Aptos network, facilitating merchant payments using USDC, a stablecoin, further indicating the increasing role of digital currencies in everyday transactions.
Did you know that 40% of U.S. consumers now own cryptocurrency, and 63% are looking to add even more? That’s a lot of untapped spending power. But how do businesses turn crypto owners into paying customers? That’s where Flexa comes in. We make it easy for people to use the… https://t.co/L8m9yoNCjA
Payments firm @stripe brings its crypto services to @Aptos, aiming to boost merchant payments with $USDC on the network. @sndr_krisztian reports https://t.co/8Miii49vx9
Congrats to the @stripe team! We're excited to see more Paxos-powered payments use cases. Partnerships like this will facilitate the acceleration and adoption of stablecoins in daily payments. https://t.co/c3JyTOONMY