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Enterprise Blockchain Investors Target Payments

Enterprise Blockchain Investors Target Payments

Seven of the 10 most active blockchain investors among large public companies hold stakes in at least one company that offers payment services.

This is according to the list of “Most Active Investors in Blockchain Companies by Top 100 Public Companies“, published earlier this month. It examined the 10 months from September 2021 to June 2022.

Although the companies that staged venture capital funding rounds were not necessarily pure-play payment companies, their offerings did include payment services. These are Fireblocks, Circle, FTX, Anchorage Digital, New York Digital Investment Group (NYDIG) and ConsenSys.

investment firm Group of digital currencies gets an honorary nod for portfolio investments in Abra, Avanti Bank, AZA (formerly Bitpesa) and a good number of other crypto payment companies under the remaining 25 letters.

The 10 investors that Blockdata said were the biggest crypto investors are Alphabet, BlackRock, Morgan Stanley, Samsung, Goldman Sachs, BNY Mellon, PayPal, Microsoft, Commonwealth Bank, and Prosus.

Now, there’s a big asterisk next to that list, because Blockdata made it very clear that it couldn’t get the actual dollar amounts of each company’s individual investments. As such, they took tower size as an indicator, on the theory that investors spend more on companies that raise more.

With respect to companies offering payments:

Digital anchor is a digital asset custodial company that received the crypto industry’s first Federal Banking Charter. On top of that, it has a specific offering, giving merchants the ability to settle payments ranging from peer-to-peer to cross-border.

Circle is the issuer of the stablecoin USD Coin, the No. 2 with a market capitalization of $52.5 billion. It also offers a payment and treasury infrastructure for the Internet.

ConsenSys is an Ethereum-focused incubator. Among his businesses is CodeFi, a B2B digital currency solution for payments and finance.

firewall in February acquired stablecoin and digital asset payment technology platform First Digital.

FTXone of the largest crypto exchanges, has its payment arm, FTX Pay.

NYDIG has real-time bitcoin payment app Bottlepay.

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About: Results from PYMNTS’ new study, “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy,” a collaboration with PayPal, analyzed responses from 9,904 consumers in Australia, Germany, UK and USA. and showed strong demand for one super multi-functional app rather than using dozens of individual apps.


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