Farooq Malik: Rain stabilization currency payments cover over 100,000 businesses Household

According to The Block, Chief Executive Officer Farooq Malik of Rain stated that, in collaboration with networks such as Visa, the stabilization currency payments made by Rain had covered over 100,000 businesses. Rain completed a $250 million C round of financing in January, with a post-investment valuation of $1.95 billion, with annualized transactions exceeding $3 billion, and worked with Visa, Mastercard to launch stabilization cards and wallets, and plans to explore the use of regulated stable currencies for chaining in some business processes。