💸 Bringing Crypto Transactions to Businesses

Today's Highlights

• Fung Payments - updating payment infrastructure with Web3 tech
• Blockchain jobs - a listing of fresh jobs related to web3/blockchain/crypto.
• In Other News - a few interesting developments we're tracking.

Fung Payments - updating payment infrastructure with Web3 tech

Fung Payments was founded with the idea of unifying the crypto and fiat payment rails in order to provide a seamless experience for the users and enhance the security and reliability of the current solutions. The existing payments technology consists of a patchwork of systems built on outdated infrastructure. The goal is to become the one-stop solution that helps businesses in the new economy grow and evolve, comply with the ever-changing legal requirements and ensure business continuity.

Fung is setting up the infrastructure to enable ecommerce merchants to accept crypto payments, handling the behind-the-scenes "payment rails" to convert digital assets into fiat money, as well as the compliance issues related to these transactions. To begin with, the company is targeting e-commerce SMEs.  Fung is hoping that targeting a specific niche will give it an edge. The company says that SME ecommerce businesses that want to accept fiat and crypto payments have been left behind.  

Fung says it’s "on a path" to becoming fully regulated by the Dutch Central Bank for both fiat and crypto — and seems pretty confident it will secure this status, as it’s already billing itself as “the first regulated payments platform unifying crypto and fiat payment rails”.  

Fung has raised a total of $2.7M in funding.

💡 Blockchain Jobs

In Other News

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How Peter McCormack is turning an unknown town into a Bitcoin hub

Peter McCormack’s vision for Real Bedford Football Club and his local town is more than just a pitch.

CointelegraphJoe Hall

SEC lawsuit sheds light on Coinbase’s management

The U.S. SEC’s lawsuit against Coinbase Global raises questions about the exchange’s management approach to the ongoing crypto crackdown.

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