Exclusive: Cyclops raises $20 million to help payment companies settle faster with stablecoins | Fortune
The advent of stablecoins has made it possible to settle global transactions instantly, but many payment providers have yet to catch up, relying instead on legacy banking infrastructure. The upshot is many merchants and consumers must rely on wire transfers that don’t operate on weekends, or outside banking hours. Miami-based startup Cyclops has plans to change all this and, on Wednesday, announced a $20 million Series A funding round to ensure that more payment providers can start to move money...
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