"'It's very fragmented-there are so many blockchains, there are so many stablecoins, there are so many payment methods,' Bengani said. 'It's ripe for one company to make it easier, and that's what we want to do.' When companies and individuals connect to the Meld network, they can buy or settle stablecoins, Bitcoin, Ethereum, or any other type of digital asset around the world."
"The network launched in 2024 and partners with over 50 providers-like Yellow Card and Onmeta-in more than 180 countries, working in over 150 fiat currencies, the company says. People can use the network for remittances and global payroll, among other use cases. In the same way Visa partners with banks around the world for the last mile of transactions, Meld aims to partner with global crypto providers."
Meld is building a global network that lets companies and individuals buy, settle, and convert stablecoins, Bitcoin, Ethereum, and other digital assets across jurisdictions. The network partners with over 50 local providers such as Yellow Card and Onmeta in more than 180 countries and supports operations in over 150 fiat currencies. Use cases include remittances and global payroll, with Meld aiming to provide last-mile connections similar to Visa's bank partnerships. The startup raised $7 million in a round led by Lightspeed Faction, bringing total funding to $15 million. Revenue comes from transaction fees. Meld positions itself as more globally focused than Stripe or Bridge.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]