Paycrest Bags $404K Launching Borderless Stablecoin Rails
💸 Meet Paycrest
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Paycrest builds a decentralized payment network to handle international money transfers.
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They use stablecoin-to-fiat settlement infrastructure to help businesses move funds across borders much faster than traditional banks.
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Investor check. The startup just raised $404K in a pre-seed round, from Hashed Emergent, StarkWare, Microtraction, and more.
🌍 Ending the Wait
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In many emerging markets, businesses have to wait days for international payments to clear. Traditional banks also charge high fees that eat into small profit margins.
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In the world where more users are adopting digital currencies, the conversion and on-/off-ramp infrastructure is still developing.
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Paycrest wants to fix this broken system. By speeding up these transactions safely and timely with a decentralized orchestration layer.
⛓️ Instant Settlement
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The platform swaps stablecoins for local currencies in real time. This creates a settlement layer that moves value without the usual banking delays.
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The team developed an API that lets businesses add these global payment options directly to their checkout pages.
🚀 Fast And Reliable
- The new capital will fund the reliabilty of their product before scaling up. They are also working on deepening its liquidity sources, to increase its multi-chain settlement capabilities.