1Money Emerges From Stealth with $20M for L1 Designed for Stablecoin Payments

Quick take: The company will use the funds to launch 1Money Network, a layer-1 blockchain focused on stablecoin payments. The company said its L1 network leverages a patent-pending Byzantine Consistent Broadcast design that eliminates delays, surging prices and security issues. 1Money has emerged from stealth with a $20 million seed round backed by F-Prime Capital, Galaxy Ventures, Hack VC, Kraken Ventures, MoonPay Ventures and…    

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