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Crypto Banking Platform Juno Raises $18M in Series A Funding

Margaux Nijkerk reports on blockchain procedures with a concentrate on the Ethereum environment. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & & Economics. She holds an extremely percentage of ETH and other altcoins.

Crypto digital banking company Juno has actually raised $18 million in a Series A financing round to broaden items and operations, and release its very first tokenized commitment program.

This round was led by ParaFi Capital’s Growth Fund, and consisted of widely known crypto market figures such as Coinbase Chief Product Officer Surojit Chatterjee, Messari’s Ryan Selkis, Polygon’s Sandeep Nailwal and Jaynti Kanani, and a16 z’s Sriram Krishnan. Seed rounder backers consisted of previous Coinbase Chief Technology Officer Balaji Srinivasan and FTX’s Venu Palaparthi.

Juno is a digital banking platform that motivates users to invest crypto in their daily deals. Its flagship item is the Juno card, where users can negotiate with Circle’s stablecoin USDC.

As part of the fundraising, Juno is presenting a commitment token, Juno coin(JCOIN), which will just be dispersed to confirmed account holders. The commitment program will resemble conventional charge card benefits points. Juno members can make JCOIN for taking their incomes in crypto, or costs crypto with their Juno debit card.

” We believe these banks are not crypto friendly,” Varun Deshpande, the CEO and co-founder of Juno informed CoinDesk. The objective of the commitment program, he stated, is to incentivize those currently inclined to utilizing crypto to basically change their standard banking stack.

” Earning and utilizing crypto are crucial monetary primitives for developing and growing a circular crypto economy,” included Deshpande. “Our tokenized commitment program is implied to more speed up the development of this crypto economy.”


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Margaux Nijkerk reports on blockchain procedures with a concentrate on the Ethereum environment. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & & Economics. She holds a really percentage of ETH and other altcoins.

Margaux Nijkerk reports on blockchain procedures with a concentrate on the Ethereum environment. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & & Economics. She holds a really percentage of ETH and other altcoins.

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