Crypto payments firm MoonPay has just closed a $555 million Series A funding to rapidly accelerate its global footprint, invest in its world-class team, and support an expanding number of offerings in the crypto space.
The funding has put the crypto startups valuation at $3.4 billion and marks yet another massive funding in the cryptocurrency industry.
Crypto is also becoming more mainstream with institutional and even traditional investors embracing the potential of digital assets. This has led to a huge increase in funding initiatives by startups and major companies alike.
Other promising digital asset plays include Mobileum Technologies, SoFi Technologies Inc, Coinbase, Square Inc. and Mogo. Each of these companies present valuable investment opportunities for anyone looking to get into or gain exposure in the cryptocurrency market.
Mobileum Technologies Inc. recently signed an agreement with payment firm Wyre which gives Mobileum access to the US market. Wyre provides easy-to-access APIS which helps to make crypto more accessible.
Wyres blockchain-based solutions have been used in more than 100 countries around the globe and have processed more than $10 billion in payments.
Other advancements into digital finance and cryptocurrency innovations
Coinbase has a strong Q3, as revealed in a letter addressed to its shareholders. During the quarter, the company saw increased adoption of its products and also experienced a significant increase in innovation.
Coinbase’s subscription revenue grew 41% to $143 million in the third quarter. During Q3 the company made a series of developments including the launch of Coinbase Prime to institutional investors and additional security features on it’s platform to protect user crypto accounts.
Square Inc has also made moves in the crypto space. The company recently released a white paper for a decentralised crypto exchange that will allow users to trade Bitcoin and fiat currencies.
With the popularity of digital finance and cryptocurrencies on the rise, payment companies like Mobileum are expected to experience a significant surge due to the services that they provide. Payments systems allow users to purchase, trade and receive digital assets seamlessly.
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