Radpay Decentralized Blockchain Payment Firm Secures Over $1 Million

Decentralized payment processor using blockchain, Radpay, generates another $1.2 million in funding to bring the Arizona-located startup to over $10 million in valuation.

A startup company focused on decentralized global payments called Radpay was recently been able to raise $1.2 million USD in its latest seed round. According to the payment firm, the round was a success and the valuation of the firm is now floating around $10.2 million USD. This was the first time that Radpay has ever received outside funds.

The two main investors of the round were BlockLaunch and Resiliency Ventures, but investors from Silicon Valley, Arizona and Nebraska were also present in the round.

Radpay was originally created back in July 2018 as a way to innovate in the payment industry. The project is set to be a merchant payment solution that combines the blockchain technology with PCI-compliant card payment structures.

Right now, Redpay is already working together with merchants from retail and e-commerce, call centers, app developers and other specialists in the industry.

Dana Love, the CEO of Radpay, talked about the development of the firm and the latest seed round. Love affirmed that Radpay was created to accept charge cards without crippling merchants with abusive fees and to protect customers from crippling debt at the same time. This way, both sides would win.

He also stated that since the company was founded, it was able to push innovation forward on behalf of the e-commerce industry. With the capital from the seed round, Radpay will be able to start even more partnerships and to upgrade the quality of the services that are currently being offered.

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Gabriel Machadohttps://bitcoinexchangeguide.com/
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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