No more spreadsheets: Crypto startup says it has a solution for the global supply chain
Today, large manufacturers like automakers rely on a network of banks and non-bank entities to pay suppliers, make payroll and move funds around. Much of that activity can move to stablecoin rails, the firm said.
The fundraise comes after the lowest quarter for blockchain funding in two years, from a high of more thanFive Sigma The firm has already clinched one major client, a supplier in the port services industry, which it claims could move $750 million in the next year. The firm, which historically has required its own clients to pay out a full invoice upfront, will now borrow from OpenTrade's sister company, Five Sigma, the full amount of its client invoice to allow them to pay as they go.
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