According to The Block, Latin American cross-border payment app El Dorado has completed a $9 million Series A funding round, led by Paradigm, with participation from Coinbase Ventures and Verda Ventures. El Dorado mainly serves the Latin American cross-border payment market, currently with over 100k active users and a total of more than 5 million transactions processed. The company also launched an enterprise-focused cross-border payment service, integrating stablecoin and fiat payment channels, built on the Layer 1 network Tempo incubated by Paradigm and Stripe.

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GateUser-423f10e3
· 8h ago
Did Coinbase Ventures also participate? It seems North American institutions are all vying for the Latin American market.
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Post-RainTvl
· 8h ago
I haven't heard much about Tempo before this L1; can someone knowledgeable give a tech architecture overview?
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MarginMoth
· 8h ago
Cross-border payments in Latin America have always been a pain point; stablecoin solutions are indeed much faster than traditional SWIFT.
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GateUser-e3701961
· 8h ago
100k users, 5 million transactions; the data looks decent, but there is still a lot of room for growth.
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MetalFrameBookPageCross
· 8h ago
Paradigm leads + Stripe incubates the chain, this combination is quite something
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