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TechFlow, Aug 28 — According to The Information, crypto card issuer Rain has raised $58 million in a Series B round led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, and Lightspeed.
Rain offers Visa-enabled debit cards that allow stablecoins to be spent anywhere Visa is accepted. Rain enables neobanks and fintech companies (such as Nuvei) to provide stablecoin payment services.
According to The Information, crypto card issuer Rain has raised $58 million in a Series B round led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, and Lightspeed. Rain has launched a Visa-backed debit card enabling stablecoins to be spent anywhere Visa is accepted. Rain allows neobanks and fintech companies (such as Nuvei) to offer stablecoin payment services.
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