1Money has completed a $20 million seed round of financing, with participation from MoonPay Ventures and others.

BlockBeats News, January 15th, according to The Block, 1Money has announced the completion of a $20 million seed round of financing. This round of financing was led by F-Prime Capital, Galaxy Ventures, Hack VC, Kraken Ventures, MoonPay Ventures, and Bankless Ventures.

The seed funding will be used to launch the 1Money Network, which is a next-generation payment network designed to be the fastest, cheapest, most compliant Layer 1 protocol specifically for stablecoin payments.