Erik Voorhees

Brian Kelly

Alphabit

Traditional financial technology and web3 do not openly communicate.

The process for merchants and banks to verify every transaction is a long and expensive process. In traditional payments, users aren’t asked for consent before a payment is processed from the credit card processor and second layer of authentication is usually telecom (insecure).

Crypto apps have no compliant on/off rails with anti-money laundering, KYC/KYP/KYB, identity, source of funds, or risk scoring. There isn’t a way to push or pull funds (or legacy finance to interact) real time on the blockchain from credit/debit/ACH/IBAN.

Proton (XPR) is a new public blockchain and smart contract platform designed for both consumer applications and peer-peer payments. It is built around a secure identity and financial settlements layer that allows users to directly link real identity and fiat accounts, pull funds and buy crypto, and use that crypto seamlessly in apps.

Backers

CypherHunter Plus

Proton Chain

Fundraising Summary