# @xyz on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DDfIztMSdQ-
- **Gondola URL:** https://gondola.cc/posts/25446717-xyz-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/15cd2cce3a.jpg
- **Posted:** 2024-12-12T17:22:51.000+00:00
- **Account Owner:** XYZ Domains (@xyz) — https://gondola.cc/xyz

## Caption

Borderless is a blockchain-based payments firm. It supports stablecoins (digital currencies tied to the value of traditional money), real-world assets (RWAs), and fiat currencies (such as dollars or euros). The company operates in 51 countries and supports 24 currencies through its Global Transfer Protocol (GTP). GTP is a system that helps transfer money across borders, process payouts, and provide ways to add or withdraw funds. Unlike traditional banking systems that rely on multiple intermediary banks, GTP settles payments directly between local financial institutions licensed to operate in specific regions. This approach is designed to make global payments faster and more cost-effective. In October 2024, Borderless raised $3 million in a pre-seed funding round led by Amity Ventures, with participation from nine angel investors, including Talos founder Anton Katz and Fireblocks founder Michael Shaulov. This brings the blockchain-based payments firm’s total funding to $3.3 million.

Visit the #BlockchainThursday link in our bio to learn more.

#globalpayments #defi #blockchain

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## Tags

blockchainthursday, defi, globalpayments, blockchain

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