QED seeds, cedar money, a stablecoin payment platform

The latest generations of beginnings targeted to resolve border payments are directed to Stablecoins – Cryptocurrency coins are often taken to actual currencies or other goods often to help keep fixed prices – more frequent solutions than classical financial rails. This trend is also growing in the interest in Fintech.

The most recent development is Cedar moneyRecently, a starting start, closed $ 9.9 million in seed funding, which occurred by the global Fintech investor, by participating in Lattice, NIV, Star and Wischoff

Using stablecoins, as a very shinational payment platform using cedar money, cedar money as a bridge. Enterprises and individuals used a fiat-based site, Stablecoin operations worked in the background. Cedar money plans to scalor the infrastructure and solve the ineffectiveness of international payments with this finance.

These inefficiencies are especially painful in Africa, where enterprises are higher operating fees and hidden costs on the currency conversion due to additional risk and local banking expenses. The bank’s exchange rate is spread, adding another cost layer. “If you look at the Swift network, the fees are 2-3% globally, but in Africa they are higher. There are more people in places with less money,” he said. Founder and CEO Benjy feinberg He said to TechCrunch.

Feinberg is an alternative financing provider in 2022 in 2022 after each other in 2022. Before starting the latest enterprise, the next “great” opportunity in Fintech, as a result, the result is focused on payments and the clockboard.

While stablecoins are struggling to combat struggle in the United States and competition in the United States due to limited use and competition, Feinberg recognized a different reality in developing markets.

Enterprises in Africa, the Middle East and South America are dollars to pay dollars to import the dollars when buying from countries such as China. Nigeria or Argentina can be fighting in countries such as Naira or Argentine peso.

In early 2024, Cedar money launched operations that started in Nigeria, helps enterprises in the country and send money to others in a global scale. “You want to go to a place where you can solve a big problem will be easier. That is why we started in Africa because it is the largest here.”

However, despite the popularity, Stablecoin platforms face limits that can affect the markets in the markets.

Feinberg, when setting up the payment rails – turning Fiat into Stablecoins, transfer them and turn them back, it is not completely foundation, it is not completely foundation. According to him, the place where it is trying to make true difficulty and cedar prefer, lies in the establishment of adaptation rails to ensure its unique regulatory requirements and extensive documents to ensure legal operations of the banks.

These requirements are especially difficult to ensure a street address as it is created in the markets – African differences created in Afrastructure differences – a street address.

Feinberg defended the winners in this place, especially when navigating complex complex complex requirements in secret areas, they will be able to be a global scale.

“I would say that the biggest problem is that the banks in developing worlds are good for the developed world. This is a problem, but we do.”

Again, the United States sets the tone for the sense of adjustment to digital assets that can facilitate the compliance. Many of the industries are combined with others as the Stablecoin’s Startup Bridge, the striplecoin will not only be able to receive more wider acceptance of stablecoin payments, but also global and developing markets will ensure the recognition of global and regulators.

This adoption begins to change the view of global payments. The information from A16Z and other sources explains clearly: In 2017, Stablecoin was unimportant than traditional systems. To date, fast and Stablecoins exceeded MasterCard, PayPal and Visa. In the 2024 Q2, Stablecoin operations reached $ 8.5 trillion in 1 billion operations compared to $ 3.9 trillion in 50,000 operations for each other A16Z report.

A year ago, cedar money, monthly transaction, focusing on monthly operating equipment, such as caves and shoes, such as caves and shoes, the known approach, which is known, and physical goods, from sharing customer numbers According to Feinberg referring to refuse.

The Secretary Britan Partner Gbenga Ajayi, the global Fintech firm is investing in the cedar money, says Fintech’s global financial system is unparalleled to address the inefficiency.

Nigeria, USA, Israel and Serbia are a fourth investment investment in QDE investors Moniepoint, Priceand Treatment of treatment.

Cedar Money joins the growing list of players such as goods and calizes that are operating in markets with stablecoin. At the same time, despite the growing relevant, Feinberg, which reached the $ 205 billion market cap last year, remains a small collective share of international payments, so Cedar money does not have a direct competition at this stage.

“Today, two-thirds of international payments are through the correspondent banking network. The size of the largest Fiat is that you look at and say, two-thirds are banks, 5% are Fiat innovators and 0.01% -I are stablecoins. Then your competition or forward, do not necessarily compete with other players; the market is just so large to find your small corner. “