1Money Raises $20 Million to Build World’s First Stablecoin Payments Network

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In a bold step to revolutionize the world of digital payments, 1Money has announced the successful completion of a $20 million seed funding round.

The company aims to develop a pioneering Layer 1 payments network designed exclusively for stablecoin transactions.

The funding round saw participation from a wide range of prominent investors, including F-Prime Capital, Galaxy Ventures, Hack VC, Tribe Capital, and many others.

This strategic financial boost sets the stage for 1Money to bring its vision of an efficient, scalable, and secure stablecoin payments network to life.

A New Era in Digital Payments

The 1Money Network promises to tackle some of the most pressing challenges facing traditional digital payment systems, such as transaction delays, high fees, and limited scalability.

Built to handle stablecoin transactions with unprecedented speed and reliability, the network boasts several key features:

• Instant Transaction Confirmations: 1Money guarantees near-instant settlement of payments, significantly improving transaction times.
• Low-Cost Fixed Fees: The network’s fee structure is designed to remain consistently low, ensuring that stablecoin transactions remain affordable, even in high-volume environments.
• Native Multicurrency Support: The platform’s ability to support multiple currencies will cater to the growing global demand for multi-currency payment systems.
• Built-In Compliance: With built-in regulatory compliance, the network is designed to meet the stringent requirements of the evolving global financial landscape.

A Step Toward Financial Inclusion

One of the central goals of 1Money is to make stablecoin-based payments more accessible to a broader audience.

By simplifying digital payments and offering a highly secure, scalable platform, 1Money envisions its network as a key enabler of financial inclusion, especially in regions with limited access to traditional banking services.

Looking Ahead

With the $20 million in funding, 1Money is set to embark on its next phase of development. The company plans to launch the network in the second quarter of 2025, and it is expected to have a transformative impact on how stablecoins are used for both personal and business transactions worldwide.

As the digital payments landscape continues to evolve, 1Money’s ambitious project is positioning itself to be a leader in the space, driving the adoption of stablecoins and the broader movement toward blockchain-based financial systems.

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This groundbreaking initiative signals an exciting new chapter in the realm of digital finance.

With its commitment to stability, scalability, and affordability, 1Money could very well set the standard for future payment networks in the blockchain era.

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