Borderless.xyz Secures $3M Pre-Seed Funding for Global Stablecoin Payment Network

Embracing the Future of Payments

New York, New York, 23rd October 2024, Chainwire - Borderless.xyz, a pioneering global payments infrastructure firm, has emerged from stealth mode with a significant $3M pre-seed funding round led by Amity Ventures. This strategic investment includes contributions from notable industry executives such as Michael Shaulov of Fireblocks and Jess Houlgrave of WalletConnect.

Tackling Traditional Pain Points

The traditional fintech landscape grapples with fragmentation and inefficiencies due to outdated payment systems reliant on multiple intermediaries. Borderless.xyz is committed to transforming this by implementing its Global Transfer Protocol (GTP), designed to serve as a unified liquidity framework bridging stablecoins and local fiat currencies worldwide.

Innovative Solutions for Cross-Border Finance

Kevin Lehtiniitty, CEO of Borderless.xyz, articulated the firm's vision: a Visa-like network for stablecoins enabling money movement anytime, anywhere, through a single cohesive network. With operations expanding across over 50 countries, they are poised to onboard wallet providers and remittance platforms to facilitate low-cost, real-time settlements.

Shaping the Future of Financial Transactions

CJ Reim, GP of Amity Ventures, emphasized the groundbreaking potential of Borderless.xyz, stating that it promises to reshape global monetary transactions. By leveraging blockchain and stablecoins, the company is laying a robust foundation for a new era of payment efficiency.

For details on Borderless.xyz's innovative solutions and goals, refer to their official website.