Walapay raises $4.6M seed to link stablecoin payments to bank rails
- —The $4.6M seed round was led by Generative Ventures
- —Proceeds go to licensing, bank partnerships and hiring
- —Focus markets are Mexico, South Asia and Central America
- —A single API links bank and payment networks across countries
Why it matters: Demand for converting stablecoins into local currencies is growing, putting such startups in competition with Stripe and Mastercard for settlement infrastructure.
Source: TokenPost