Keynes Pay raises $5.5 million in funding to strengthen its cryptocurrency payment infrastructure
Posted: February 16, 2024 7:20 AM Updated: February 16, 2024 7:20 AM
Correction and fact check date: February 16, 2024, 7:20 AM
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Keynes Pay raised $5.5 million in a pre-seed funding round to expand the virtual asset payment ecosystem and diversify payment license products.
Cryptocurrency debit card project Keynes Pay announced that it has successfully raised $5.5 million in a pre-seed funding round. Keynes Pay is a third-party payment platform within the Keynes Group.
According to the announcement, this capital injection will fuel KeynesPay’s ambitious expansion plans within the virtual asset industry. The company aims to accelerate payment license business product development and diversification while strengthening its payment ecosystem infrastructure.
The company also said the funds will accelerate global compliance efforts and foster innovation across Keynes Group’s portfolio. Moreover, this investment, with a pre-investment valuation exceeding $50 million, demonstrates the confidence of the investor consortium.
Known for its diverse ventures, Keynes Group encompasses a variety of core businesses, including Keynes Capital, a prominent global asset management firm specializing in blockchain technology and digital assets.
Additionally, Keynes Pool is one of the leading global providers of Bitcoin mining pool and miner services. The group’s KeChat is considered the world’s leading on-chain social networking platform, and Keynes IE is a Web3 global education platform and social network. Additionally, Keynes Group has established partnerships with several IPO companies in Hong Kong to provide key business partners with pre-IPO entry chips and opportunities.
Keynes Pay Key Differentiators
Unlike traditional cryptocurrency wallets or digital payment platforms, the Keynes Pay physical card provides users with the convenience and familiarity of a physical card that can be loaded with cryptocurrency assets. This solution allows card prices to be displayed in Euros, eliminating the need for constant currency conversion, allowing users to easily track spending in their familiar currency. Physical cards work in a simple and user-friendly way.
Users create an account on the Keynes Pay platform, which provides access to a range of innovative financial services. Once registered, users can easily order Keynes Pay physical cards directly from their account, customizing them to their preferences. Once an order is placed, users can expect the physical card to be promptly delivered to the specified address and seamlessly converted to cryptocurrency-backed transactions.
With the card in hand, users can conveniently load their desired cryptocurrency assets onto their Keynes Pay physical card for instant activation. Lastly, the Keynes Pay physical card allows users to easily spend their cryptocurrency assets when booking a hotel, shopping online, or enjoying a cup of coffee at their favorite café. Users can also recharge their cards as needed, ensuring uninterrupted access to their funds.
One of its main advantages is universal acceptance. Users can use their cards anywhere in the world, as long as the merchant accepts card payments. Whether making online purchases or withdrawing cash from an ATM, Keynes Pay physical cards provide flexibility and convenience in managing your cryptocurrency assets in real-world transactions.
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Kumar is an experienced technology journalist specializing in the dynamic intersection of emerging fields including AI/ML, marketing technology, cryptocurrency, blockchain, and NFTs. With over three years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and providing comprehensive insights. Kumar’s specialty is producing high-impact content including articles, reports and research publications for prominent industry platforms. With a unique skill at combining technical knowledge and storytelling, Kumar excels at communicating complex technical concepts in a clear and engaging way to diverse audiences.
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Kumar is an experienced technology journalist specializing in the dynamic intersection of emerging fields including AI/ML, marketing technology, cryptocurrency, blockchain, and NFTs. With over three years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and providing comprehensive insights. Kumar’s expertise lies in producing impactful content, including articles, reports and research publications for prominent industry platforms. With a unique skill at combining technical knowledge and storytelling, Kumar excels at communicating complex technical concepts in a clear and engaging way to diverse audiences.