#1Money secures $20 million in funding.#

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Crypto startup 1Money has announced the closing of a $20 million seed funding round led by F-Prime Capital, Galaxy Ventures, Hack VC, Kraken Ventures, MoonPay Ventures, and Bankless Ventures, among others. The funds will be used to build “1Money Network,” a Layer1 network designed specifically for stablecoin payments. Brian Shroder, co-founder and CEO of 1Money, said the network will make stablecoin payments easier and more practical, making them suitable for everyday use cases such as paying friends, e-commerce shopping, and sending money.

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Crypto startup 1Money recently announced the completion of a $20 million seed round of funding, led by F-Prime Capital, Galaxy Ventures, Hack VC, Kraken Ventures, MoonPay Ventures, and Bankless Ventures. The funding will be used to build 1Money Network, a Layer 1 network designed for stablecoin payments. 1Money Co-founder and CEO Brian Shroder said that 1Money aims to make stablecoin payments more convenient and practical for everyday use cases, such as paying friends, making e-commerce purchases, and sending money. This funding round signals investor confidence in the future of stablecoin payments and the potential of 1Money Network to drive the adoption of stablecoin payments.

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1Money aims to build a Layer1 network specifically for stablecoin payments, aiming to make stablecoin payments more convenient and practical, suitable for daily use scenarios.

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1Money has raised $20 million in seed funding led by F-Prime Capital, Galaxy Ventures, Hack VC, Kraken Ventures, MoonPay Ventures and other institutions.

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The funds will be used to launch the 1Money Network, a next-generation payment network specifically for stablecoin payments.

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1Money's goal is to make stablecoin payments as easy as using fiat currency and apply it to a variety of scenarios, including paying friends, e-commerce shopping and remittances.

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