Crypto-friendly Telecom Startup Raises $12 Million in Series A

[Galaxy]

OXIO isn't trying to shoehorn in cryptocurrency to impress investors. And, judging by its investment record, it doesn't have to. OXIO, a carrier-as-a-service platform that integrates elements of blockchain technology, has raised $12 million in a Series A led by Brazilian VC firm monashees and Florida-based Atlantico Capital.

The company introduced services in Mexico this year and has eyes on the US, Brazilian, and Australian markets for 2021. With $20 million in funding so far, including sizable seed investments from Multicoin Capital and FinTech Collective, the company is primed to compete in an American market with high mobile data prices.
Info link: https://decrypt.co/48468/crypto-friendly-telecom-startup-raises-12-million-series-a

[bigcash2011]

Good for US, Australian and Mexican people but if this telecom company is truly based on blockchain technology then the service should be global and crypto should be the preferred option to recharge it.

[Mexite]

It's good to see a blockchain-based platform in the real world sector. But we don't know if there would be crypto integration to access their services. Anyway, blockchain is going mainstream.