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Bitcoin payment processor Speed raises $8-M from Tether and Ego Death Capital
Ahmedabad and Las Vegas (USA)-based payments startup Speed has raised USD 8 million in strategic funding from Tether and Ego Death Capital.Founded by Niraj Patel and Jayneel Patel, Speed is a global payments infrastructure company built on the Bitcoin Lightning Network. The company aims to make Bitcoin and stablecoin payments instant, low-fee, and practical for everyday use.The fresh funding will be used by the company to scale its infrastructure to support real-world payments globally, expand its operations, enhance enterprise tools, and develop its developer and mini-app ecosystem. It will also invest in compliance, reliability, and cross-border payout capabilities.
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