Stablecoin payment company Sphere completes $5 million financing, led by Coinbase and Kraken

CoinVoice has learned that, according to Forbes, the stablecoin payment company Sphere has completed a $5 million financing round led by Coinbase Ventures and Kraken Ventures. The company was founded by Arnold Lee and Luigi Charles in 2022, aiming to create a 'crypto version of Stripe.'

According to RootData, Sphere is a payment infrastructure that helps merchants from underdeveloped emerging markets achieve cost-effective, secure, and almost instant cross-border payments through stablecoins. Through a visually appealing and easily accessible graphical user interface (GUI), Sphere coordinates blockchain, hosting infrastructure, and financial service providers to facilitate stablecoin payments. [Original link]