Leading Crypto Payments Infrastructure Provider MoonPay Closes $ 555 Million Funding


PALM BEACH, Florida, December 2, 2021 / PRNewswire / – FinancialNewsMedia.com News commentary – Leading provider of crypto-payment infrastructure, Moonpay has just closed a $ 555 million Series A financing to rapidly accelerate its global presence, invest in its world-class team, and subscribe to a growing number of innovations in the crypto economy. Funding, which sent the valuation of crypto start-ups to $ 3.4 billion marks yet another massive funding in the crypto space. Not only is funding in the space increasing, but crypto is also becoming more mainstream, with institutional and even traditional investors tapping into the potential of digital assets. As this happens, the digital asset plays like Mobilum Technologies Inc. (CSE: MBLM) (OTC: MBLMF) (FRA: C0B), SoFi Technologies Inc. (NASDAQ: SOFI), Coinbase (NASDAQ: COIN), Square Inc. (NYSE: SQ), and Mogo (TSX: MOGO) (NASDAQ: MOGO) stand out as valuable investment opportunities for those looking to gain exposure to the cryptocurrency market.

Mobilum Technologies Inc. (CSE: MBLM) (OTC: MBLMF) (FRA: C0B) signed an agreement with Wyre, which gives Mobilum access to the US market. Wyre, a fiat-to-crypto and payments infrastructure company, provides easy-to-integrate APISs to help developers make crypto more accessible.

Wyre’s blockchain-based solutions have been used in over 100 countries around the world. The company has onboarded over 15 million users and processed over 10 billion dollars in payments.

By agreement, Mobilum will integrate with Wyre’s Automated Clearing House (ACH) payment rails. Mobilum will process ACJ transactions through its up and down platform.

In addition to collaborating with Wyre, Mobilum has upgraded its ramp payment processing platform. The company has integrated its ramp-up solution to over 200 acquirers and bank rules for improved fraud detection and high transaction approval rates.

Wojciech Kaszycki, the president commented on the upgrade: “We are very excited about the latest upgrade to our platform. This will help us tackle some of the most important issues facing crypto companies today. We will be able to dramatically increase transaction approval rates, prevent fraud and reduce chargebacks. . “

Mobilum previously spear an updated over-the-counter (OTC) trading desk website designed for high net worth individuals who want to execute large volumes of Bitcoin or other cryptocurrency transactions with more than $ 50,000.

The OTC site includes features such as fast settlements, a variety of crypto assets, no deposit and withdrawal fees, competitive trading rights and personalized services to provide clients with a transparent and secure high-volume trading experience. . From 25 october, the OTC trading desk website had generated approximately 20 million Canadian dollars in volume of transactions.

Businesses Advance in Digital Finance and Cryptocurrency Innovations

SoFi Technologies Inc. (NASDAQ: SOFI) , a digital personal finance platform that allows users to borrow, spend, invest and protect their money, announcement a fair market redemption value of its outstanding warrants. The fair market value of the redemption is $ 22.38. Holders of outstanding warrants who exercise their cashless warrants will receive 0.361 share per warrant. The repayment period extends up to 5:00 p.m. New York time on December 6, 2021, after which any unexercised warrants will be void and may no longer be exercised.

Coinbase (NASDAQ: COIN) had a solid Q3 2021, as highlighted by its shareholder letter. The company saw increased adoption and commitment to its product, not to mention significant innovations during the quarter. The company’s subscription revenue grew 41% sequentially to reach $ 143 million in the third quarter of 2021, indicating that the crypto is entering the utility phase allowing users to monetize their holdings. The company also made some important developments in the third quarter, including the launch of Coinbase Prime to institutional investors. Coinbase has also improved the security features of its platform to help users protect their crypto assets.

Square Inc. (NYSE: SQ) published a white paper for a decentralized bitcoin exchange that will allow users to trade bitcoin and fiat currencies. The company’s whitepaper on tbDEX highlights the exchange as a protocol to create ubiquitous and accessible entry and exit ramps for individuals to benefit from crypto innovations. The company posted the whitepaper on GitHub to allow developers to contribute to the decentralized exchange. The project is led by Mike Brock.

Mogo (TSX: MOGO) (NASDAQ: MOGO) expanded its strategic investment portfolio with the minority investment among Gemini US $ 400 million funding. The company also invested in Coinsquare, Tetra Trust, Enthusiast Gaming, Eleven Gaming and Tiidal Gaming, bringing its total investments to $ 193 million in the third quarter of 2021. In addition to expanding its investments, the company achieved significant highlights, as shown in its financial results for the third quarter of 2021, where the company’s user base grew to around 1.8 million . The company’s revenue also accelerated to 58% year-over-year.

As the popularity of digital assets and cryptocurrencies increases, companies like Mobilum are uniquely positioned to take advantage of the market, thanks to the solutions they provide to users. These solutions offer users a transparent experience for exchanging, exchanging or enhancing their digital assets.

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