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Merge emerges from stealth to provide banking infrastructure for crypto-native businesses
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Merge is aiming to fill the gap left by traditional financial institutions in servicing crypto-native business. Founded by Kebbie Sebastian, who led led PayPal’s financial products business in the UK, alongside former Coinbase and Luno executives, Merge says it will provide a seamless way for crypto and web3 companies to hold and transfer fiat funds, convert between fiat and crypto as well as manage compliance, all within a simple to integrate API.Zihao Xu, investor at Octopus Ventures comments: “Merge’s vision is to build the infrastructure necessary to allow crypto businesses to operate without fear of shutdown by regulators or third-party risk teams.
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