Cross-border payment platform Parallax completes US$4.5 million in seed round financing, led by Dragonfly Capital

Odaily News Cross-border payment platform Parallax announced the completion of a US$4.5 million seed round of financing, led by Dragonfly Capital, with participation from Circle Ventures, General Catalyst, gumi Cryptos Capital, Palm Drive Capital, Comma Capital, Firsthand Alliance, and angel investors such as Balaji and Zach Abrams. . The new funds will be used to continue to expand the size of the team and the scale of the business. Parallax’s initial product allows users outside the United States to open virtual U.S. dollar accounts and receive U.S. dollars simply using their passport, and the team is building and expanding stablecoin cross-border payment capabilities.