Crypto startup 1Money completes US$20 million in seed round financing, with participation from Hack VC and others

PANews reported on January 15 that according to The Block, the encryption startup 1Money completed a $20 million seed round of financing to build a Layer 1 network "1Money Network" designed specifically for stablecoin payments. There were more than a dozen participants in this round, including F-Prime Capital, Galaxy Ventures, Hack VC, Kraken Ventures, MoonPay Ventures and Bankless Ventures.

Brian Shroder, co-founder and CEO of the startup, said in a statement: “1Money will make stablecoin payments more convenient and practical for everyday use cases, from paying friends to making e-commerce purchases and sending money. "