The new funding will help Chaos Labs build out and expand its suit of risk and security products that can help DeFi protocols.
The seed funding round was co-led by PayPal and Galaxy Digital, but also saw participation from including Coinbase Ventures, Polygon, Avalanche, OpenSea, Uniswap, and others.
Currently in its beta launch phase in Brazil, the Binance Card will allow its holders to make payments and purchases using 13 supported cryptocurrencies.
Brazil has become the second country in Latin America to receive the product, following a similar announcement in Argentina in August 2022.
The new partnership with Moonpay allows Uniswap users to purchase crypto using debit and credit cards, as well as bank transfers, directly on the popular DEX.
The platform will initially support purchases of DAI, ETH, USDC, USDT, wBTC, and wETH on the Ethereum, Polygon, Optimism, and Arbitrum networks.
The popular web3 wallet has partnered with NFTBank, a firm building NFT price-tracking tools, in order to make the new feature possible.
NFTBank claims it can offer over 90% accuracy on its prediction thanks to its machine learning algorithm that takes into account floor price, rarity, and bid/ask distribution for NFTs.
Though officially launched today, the Payments Engine has already been used by Checkout.com during its pilot phase to settle around $1 billion in crypto transactions.
The solution offers quick access to fiat-to-crypto conversion, cross-border internal settlement, micropayments, and merchant adoption with lower processing fees.
The new program will see MasterCard act as a “bridge” between Paxos and financial institutions, allowing them to offer crypto trading services to their clients.
The payments giant will also assist institutions with regulatory compliance and security, two reasons banks cite for avoiding the asset class.
View of Mastercard’s office building in Auckland, New Zealand, 28 July, 2019. Shutterstock