Better Payment Network Secures $50M Investment to Enhance Cross-Border Payments
- Better Payment Network (BPN) raised $50 million in seed funding led by YZi Labs.
- BPN utilizes a CeDeFi hybrid model for low-cost, instant stablecoin transfers.
- The platform operates on the BNB Chain and supports regional stablecoins like BBRL, cNGN, MEXAS, and EURI.
- Transaction settlement time is reduced from days to just a few hours with average fees of approximately 0.3%.
- A new DeFi segment will launch by year-end for on-chain stablecoin exchanges without identity verification.
This funding will help BPN build liquidity pools and attract market makers to ensure fair exchange rates across its platforms. The focus on reducing transaction times and costs positions BPN as a significant player in the cross-border payment landscape.
With the recent investment of $50 million, BPN aims to transform global payments using its innovative CeDeFi model and enhance accessibility through its upcoming DeFi offerings.
