TechFlow reports on September 4, according to The Block, that stablecoin infrastructure provider WSPN (Worldwide Stablecoin Payment Network) has appointed former Visa President John Partridge to its board. Partridge served as president of Visa from 2009 to 2013. During his tenure, Visa completed a $19 billion IPO in 2008, setting a record at the time as the largest IPO in U.S. history. Partridge's appointment brings valuable fintech expertise and industry influence to WSPN.
Previous report, WSPN announced it has raised $30 million in seed funding, led by Foresight Venture and Folius Ventures, with participation from prominent investment firms, exchanges, and foundations including Hash Global, Generative Ventures, Yunqi Capital, and Redpoint China.
Raymond Yuan, founder and CEO of WSPN, said: "This funding round and John's joining marks a turning point for WSPN. With this capital and John’s deep expertise in global payments, we will accelerate the development of our Stablecoin 2.0 infrastructure and deliver innovative, user-centric payment solutions to the market."
