"Traditional payment systems process transactions through layers of intermediaries, creating delays and costs that hold back global commerce. While stablecoins processed $27.6T in 2024 alone-more than Visa and Mastercard combined-most of this digital money remains trapped in wallets, unable to be spent at everyday merchants. Rain addresses this gap by providing enterprise-grade stablecoin infrastructure that lets businesses launch card programs, wallets, and payment solutions through a single API integration."
"The platform serves over 1.5 billion people across 150+ countries and uniquely settles 100% of card transactions directly in stablecoins on the Visa network, while maintaining enterprise compliance standards including PCI DSS and SOC 2. With recent 10x transaction growth and partnerships spanning from Nuvei to Avalanche, Rain has established itself as the bridge between digital assets and real-world spending. We raised a $58M Series B led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest."
Traditional payment rails route transactions through multiple intermediaries, causing delays and costs that impede global commerce. Stablecoins processed $27.6T in 2024, surpassing Visa and Mastercard combined, but most of that digital value remains locked in wallets and cannot be spent at everyday merchants. Rain provides enterprise-grade stablecoin infrastructure enabling businesses to launch card programs, wallets, and payment solutions via a single API. The platform serves over 1.5 billion people across 150+ countries and settles 100% of card transactions directly in stablecoins on the Visa network while maintaining PCI DSS and SOC 2 compliance. Rain reported 10x transaction growth and partnerships with Nuvei and Avalanche, and raised a $58M Series B led by Sapphire Ventures, bringing total funding to $88.5M.
Read at Alleywatch
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