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.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,467FansLike
2,795FollowersFollow
4,230FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Compound Protocol to Roll Out Decentralized Oracles Dubbed ‘Open Price Feed'

Compound, one of the most popular defi protocol, is all set to introduce open price feeds for lending on its platform using a decentralized...

$2 Million Slippage & Surge in Ether Price on Uniswap Helps Net $40k in Profit

A Uniswap user was able to profit $40,000 thanks to $2 million of slippage and the price of Ether surging north of 15%. It all...

Irish Govt to Target Cryptocurrencies Use in Money Laundering And Terror Financing

The Irish government aims to implement stricter and more stringent laws to curb money laundering and terrorism financing in its financial system, including digital...

Interactive Brokers to Settle $38 Million in Penalties for Violating AML Procedures

Interactive Brokers LLC, a U.S based brokerage that skyrocketed between 2013 and 2018, has agreed to settle a total of $38 million with the...

Ethereum Gas Price Hasn’t Been This High Since its Launch

The price of Ether is back to making its way to $400 level as it hovers around $391 in the green with just $840...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today