Former PayPal employees launch a decentralized cross-border pa | NFT News

Former PayPal employees launch a decentralized cross-border payments network on Algorand

Six Clovers, a fintech infrastructure company, said it has launched a fast network connecting banks, merchants and payment providers that allows customers to use digital currency and fiat currency for transactions.

The network was founded by former PayPal employees Jim Nguyen and Nas Kavian with support from venture capital firm Borderless Capital. It is based on the Algorand blockchain.

"Six Clovers is a next-generation payment infrastructure that solves many of today's domestic and international payment problems while opening up a whole new world of digital financing opportunities," CEO and co-founder Jim Nguyen said in a press release.