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Bitcoin on a Prepaid Card? Moon Inc. Raises $8.8M to Make It Happen in Asia
Moon Inc. (HKEX: 1723) has raised about US$8.8 million to launch a Bitcoin prepaid card in Thailand and South Korea, with plans to expand across Asia. The company, a leader in prepaid connectivity and digital asset solutions, confirmed the successful HK$65.5 million fundraising earlier today.
The round was supported by a consortium of Bitcoin miners and investors through the issuance of new shares and convertible notes, according to a note shared with Bitcoin Magazine.
"The successful completion of this private placement marks another critical milestone in Moon Inc.'s growth, and we are grateful for the confidence our new and existing investors have shown in our long-term vision," said John Riggins, CEO of Moon Inc.