Express
Blockchange Ventures And Anthony Pompliano Lead $5.25 Million Seed Round For Crypto Remittance Service Valiu
Summary: Crypto remittance service provider Valiu announced the completion of a seed round of $5.25 million, Blockchange Ventures and Anthony Pompliano's Pomp Investments led the round, with participation from Castle Island, Messari founder Ryan Selkis and existing investors like Y Combinator, Mercy Corps, IDEO Colab. Valiu mainly provides Bitcoin cross-border payment services to Latin American countries. ...
Crypto remittance service provider Valiu announced the completion of a seed round of $5.25 million, Blockchange Ventures and Anthony Pompliano's Pomp Investments led the round, with participation from Castle Island, Messari founder Ryan Selkis and existing investors like Y Combinator, Mercy Corps, IDEO Colab.
Valiu mainly provides Bitcoin cross-border payment services to Latin American countries. Its mobile application allows users to buy and send Bitcoin-backed synthetic U.S. dollars to other cross-border users. The recipient can cash the money to a Venezuelan bank account within an hour.
In addition, Valiu can be used as a savings account to protect deposits from hyperinflation.
According to data from the official website, the service has processed 400,000 transactions with a total value of $8.4 million and has more than 52,000 users.
By Mary Liu
Tags: Anthony Pompliano,Bitcoin,Blockchange Ventures,Castle Island,Crypto,Fund,IDEO Colab,Mercy Corps,Messari,Valiu,Y Combinator
Link: Blockchange Ventures And Anthony Pompliano Lead $5.25 Million Seed Round For Crypto Remittance Service Valiu [Copy]
