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Recently, an emerging fintech company successfully secured investments from several well-known institutions, with a total financing amount reaching 46.3 million USD. These investors include Circle, the issuer of the USDC stablecoin, the Solana Foundation, and heavyweight institutions such as Galaxy Digital.
The company's business scope is quite extensive, covering areas such as credit cards and cross-border trade, with a potential market size of up to $16 trillion. The company has established partnerships with several well-known enterprises, such as Visa and Jupiter, demonstrating strong development momentum.
The technological advantages of this company are mainly reflected in high throughput and low fees. Especially in the area of cross-border payments, the company's solution can reduce the settlement cost of each transaction to 0.00025 USD, which is undoubtedly a huge breakthrough compared to traditional payment methods.
In terms of compliance, the company has partnered with Chainalysis to ensure that it meets anti-money laundering requirements. At the same time, the company is actively exploring privacy protection solutions to strike a balance between security and user privacy.
Currently, the company's payment solutions have been applied in several major cryptocurrency exchanges, including Binance, OKX, and KuCoin. In terms of blockchain network support, the company is primarily deployed on the Solana network, while also supporting Ethereum and Stellar networks. In the future, the company plans to further expand its cross-chain payment capabilities and prepare to integrate with blockchain networks such as Polygon and Celo.
With the rapid development and technological innovation of the company, the cross-border payment sector may witness a significant transformation. Low-cost, high-efficiency payment solutions are expected to bring new opportunities and challenges to the global financial system. Industry insiders generally believe that the emergence of this innovative payment technology will accelerate the digital transformation of traditional financial institutions, and may also reshape the landscape of cross-border trade.