Former Visa crypto lead launches open payments network
70 pts · High·Finextra Payments·16h ago · Sep 24, 00:01 UTC·1 min read
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Atum has launched as an open payments network, founded by Pete Cooling, the former lead of Visa's crypto product team. The company emerged from stealth mode with a notable funding round, attracting $13.5 million to support its initiatives.
Key takeaways
- ▸Atum is founded by Pete Cooling, previously Visa's crypto product team lead.
- ▸The startup secured $13.5 million in funding during its launch.
- ▸Atum aims to develop an open payments network, indicating a shift towards more flexible payment solutions.
Why this matters
The establishment of Atum signifies competitive pressure on existing payment networks, particularly in the crypto space. With Cooling's experience at Visa, Atum may leverage insights from traditional and digital finance to attract users and partners looking for innovative payment solutions, potentially reshaping market dynamics.
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