Coinflow raises $25M to expand stablecoin payments network

Coinflow raises $25M to expand stablecoin payments network

By Blockworks
The startup says it aims to rival Stripe and Worldpay by using stablecoins to speed merchant settlements from days to seconds

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Coinflow has successfully secured $25 million in funding to revolutionize cryptocurrency payments and challenge traditional payment processors like Stripe and Worldpay. The blockchain startup aims to transform merchant settlements by leveraging stablecoin technology, reducing transaction times from days to mere seconds.

This significant funding round highlights the growing institutional interest in DeFi payment solutions and cryptocurrency infrastructure. Coinflow's stablecoin payments network addresses critical pain points in traditional finance, offering merchants faster liquidity and reduced settlement risks through blockchain technology.

The startup's ambitious goal to compete with established payment giants demonstrates the maturation of the cryptocurrency ecosystem. By utilizing stablecoins—digital assets pegged to fiat currencies like the US dollar—Coinflow can provide the speed and efficiency of blockchain transactions while maintaining price stability that merchants require.

This development represents a major step toward mainstream cryptocurrency adoption in e-commerce and merchant services. The $25 million investment underscores venture capital confidence in blockchain-based payment solutions, potentially accelerating the shift from traditional banking infrastructure to decentralized finance protocols. Coinflow's innovation could significantly impact how businesses process payments globally.

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Market Sentiment
neutral
Category
regulation
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Regulation

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Source: Blockworks

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