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Cross-Border Payment Platform Parallax Completes US$4.5 Million in Seed Round Financing, Led by Dragonfly Capital

Cross-border payment platform Parallax announced the completion of a $4.5 million seed round of financing, led by Dragonfly Capital, with participation from Circle Ventures, General Catalyst, gumi Cryptos Capital, Palm Drive Capital, Comma Capital, Firsthand Alliance, and angel investors Balaji and Zach Abrams. The new funds will be used to continue expanding the team and business scale. Parallax's initial product allows users outside the United States to open a virtual USD account and receive USD using only their passport. The team is building and expanding stablecoin cross-border payment functions.

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