Coinflow Raises $25 Million to Promote Stablecoin-Powered Settlement

Coinflow Raises $25 Million to Promote Stablecoin-Powered Settlement

By PYMNTS
Payment service provider Coinflow has raised $25 million in new funding. The company says its Series A round, announced Wednesday (Oct. 8), will help boost adoption of what it calls the world's first unified global pay-in and payout infrastructure with instant settlement using stablecoins.

Article Details

**Coinflow Secures $25 Million Series A to Revolutionize Cryptocurrency Payment Infrastructure**

Payment technology company Coinflow has successfully raised $25 million in Series A funding to accelerate adoption of its innovative stablecoin-powered settlement platform. The funding round, announced Wednesday, October 8th, positions Coinflow to expand what the company describes as the world's first unified global payment infrastructure offering instant settlements through stablecoins.

This significant cryptocurrency investment highlights growing institutional confidence in blockchain-based payment solutions and DeFi infrastructure. Coinflow's platform addresses critical pain points in traditional financial systems by leveraging stablecoin technology to enable immediate cross-border transactions, eliminating the delays and costs associated with conventional banking networks.

The funding comes amid surging demand for cryptocurrency payment solutions as businesses increasingly adopt digital assets for operational efficiency. Coinflow's unified pay-in and payout system represents a major advancement in blockchain payment processing, potentially transforming how companies handle international transactions. This development signals continued evolution in the cryptocurrency payments sector, as innovative fintech companies bridge traditional finance with emerging blockchain technologies to create more efficient, cost-effective payment ecosystems for global commerce.

Article Details

Market Sentiment
negative
Category
institutional
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Institutional

Additional Information

0

Read the Full Article

Continue reading this article on PYMNTS

Read Full Article

Source: PYMNTS

Type: Article

Continue Reading

Stay informed with more cryptocurrency news and insights

Binance CEO Pushes Back on Claims of Promoting Trump Stablecoin Before CZ Pardon
generalNegative

Binance CEO Pushes Back on Claims of Promoting Trump Stablecoin Before CZ Pardon

TL;DR Binance CEO denies promoting Trump's stablecoin. The allegations involve a $2 billion investment in MGX. Senator Elizabeth Warren denounced thes...

Crypto Economy1 min
Crypto Industry Watches Closely as Prosecutors Seek Five-Year Term in Samourai Case
generalNegative

Crypto Industry Watches Closely as Prosecutors Seek Five-Year Term in Samourai Case

TL;DR US prosecutors are seeking the maximum five-year sentence for the co-founders of Samourai Wallet. They are accused of laundering $237M, although...

Crypto Economy1 min
U.S. Sanctions North Korean Bankers Over Crypto Laundering Tied to Cyberattacks
generalNegative

U.S. Sanctions North Korean Bankers Over Crypto Laundering Tied to Cyberattacks

The U.S. Treasury has imposed fresh sanctions on a group of North Korean bankers and institutions accused of laundering millions in cryptocurrency tie...

Coindesk1 min
Arthur Hayes: America's ‘Repo Market Voodoo' Could Be a Blessing for Crypto
generalPositive

Arthur Hayes: America's ‘Repo Market Voodoo' Could Be a Blessing for Crypto

TL;DR Arthur Hayes argues that the US government's repo-based funding model expands the dollar supply without calling it QE, which may support crypto ...

Crypto Economy1 min
Binance-backed startup accused of wallet manipulation in APR token airdrop
generalNegative

Binance-backed startup accused of wallet manipulation in APR token airdrop

aPriori, the trading startup backed by Binance founder Changpeng Zhao's venture firm YZi Labs is facing allegations of a Sybil attack in its recent to...

Cryptopolitan1 min
Stream Finance Stablecoin Plunges 77% After Protocol's Fund Manager Loses $93 Million
generalNegative

Stream Finance Stablecoin Plunges 77% After Protocol's Fund Manager Loses $93 Million

Stream's collapse shows operational risk extends beyond smart contracts to fund managers and custody, an expert told Decrypt....

Decrypt1 min