Blockchain Payment Company Borderless.xyz Secures $3 Million Pre-Seed Funding

According to Foresight News, blockchain-based payment company Borderless.xyz has successfully raised $3 million in a pre-seed funding round led by Amity Ventures. Following the investment, Amity Ventures' managing partner CJ Reim will join the board of directors at Borderless.xyz. The company intends to use the funds to hire additional engineers, expand its geographical reach, and enhance liquidity for its global stablecoin payment network. Borderless.xyz is focused on developing payment infrastructure that facilitates global transactions between stablecoins, real-world assets, and other 'internet-native currencies' and fiat currencies.