You know, in the current global financial system, there are two great gods that are difficult to get around:

It is through this system that the United States controls the flow of global currency:

In July, a non-mainstream crypto project received $60 million in funding, which may shake up the system:

This amount of financing ranks second in the entire crypto industry's financing amount in July.

What we are doing is what we in the crypto circle have been calling for for more than a decade, which is to solve the efficiency problem of foreign exchange settlement.

In fact, this has been done by people in the crypto circle a long time ago. It is said that Sun Ge joined the circle by joining this project.

How could this Partior be able to obtain so much financing in such a competitive market?

The main reason is probably "strong relationship"

Partior can be said to have been born with a silver spoon in its mouth. The Series A round was led by Standard Chartered Bank of the United Kingdom, followed by Temasek, JPMorgan Chase and DBS Bank.

In the recently completed Series B round of financing, the lead investor Peak XV Partners was formerly India's Sequoia Capital, and the follow-up investor Valor Capital Group is a Latin American giant.

Therefore, the investors of this project are very influential all over the world (except Africa), and they can provide many foreign exchange settlement services to each other.

Partior's Chief Commercial Officer, Stella Lim, was previously Managing Director of SWIFT Asia Pacific.

Partior’s core capability is its ability to connect to the banking system; this system is backed by Singapore’s MAS (Monetary Authority of Singapore).

I just don’t know if Singapore has the strength to overturn the table of the United States.

In fact, Swift and the Federal Reserve have not completely sat idly by. Swift once worked with Chainlink to come up with a plan. However, judging from the recent trend of $Link, it is difficult to promote this plan.

The Federal Reserve also proposed a conceptual plan in 2023, but it is currently only at the conceptual level:

Trump seemed quite anxious before, claiming that encryption would consolidate the status of the US dollar.

Harris, the current presidential candidate of the Democratic Party, is said to have been in intensive contact with big names in the crypto circle recently. Judging from the revealed list: Coinbase/Circle/Ripple, it is likely to be related to payment.

I remember that mobile Internet started to explode after mobile payment became popular.

If the crypto industry has substantial breakthroughs in payment, I believe the explosion of the ecosystem is not far away.

(Cross-border settlement is really expensive and slow...)