💸 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 The existing payments technology consists of a patchwork of systems built on outdated infrastructure.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