Cross-border payment platform Parallax has completed a $4.5 million seed round of financing, led by Dragonfly Capital.

BlockBeats news, on September 13th, cross-border payment platform Parallax announced the completion of a $4.5 million seed round of financing. This round of financing was led by Dragonfly Capital, with participation from Circle Ventures, General Catalyst, gumi Cryptos Capital, Palm Drive Capital, Comma Capital, Firsthand Alliance, as well as angel investors Balaji and Zach Abrams. The new funds will be used to continue expanding the team and business scale. Parallax's initial product allows overseas users to open a virtual US dollar account and receive US dollars using only their passport. The team is building and expanding stablecoin cross-border payment capabilities.