Philippines startup Parallax removes the friction from cross-border payments
Sending money across borders is filled with friction, like long wait times, high transaction costs and markups on currency exchange. A Philippines-based Sending money across borders is filled with friction, like long wait times, high transaction costs and markups on currency exchange. A Philippines-based startup called Parallax wants to make the process faster and cheaper with a cross-border payments system that can be used for stablecoin, crypto or traditional currencies. Parallax has raised $4.5 million in seed funding to tackle the $21 trillion cross-border payment market.
Source: techcrunch.com