TechFlow News, June 15: According to The Block, Paradigm has led a $9 million Series A funding round for El Dorado, a Latin American cross-border payment application. Coinbase Ventures and Verda Ventures also participated in the round.
El Dorado primarily focuses on building cross-border payment infrastructure across Latin America, with over 100,000 active users and more than 5 million transactions processed to date. Concurrently, the company has launched enterprise-oriented payment services that integrate stablecoin and fiat payment channels, built upon Tempo—the Layer-1 blockchain incubated by Paradigm and Stripe.
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