Cedar Money – is a cryptocurrency project aimed at simplifying cross-border payments between businesses. The platform offers instant international transactions using stablecoins and fiat currencies. This solution is particularly relevant for companies facing high costs and long processing times associated with traditional bank transfers. Cedar Money reduces costs, increases payment transparency, and makes global transactions more accessible for businesses worldwide.
- Overview of Cedar Money
- Technological foundation and supported blockchains
- Funding and partnerships
- Advantages and platform features
- Conclusion
Overview of Cedar Money
Cedar Money — is a cryptocurrency project designed to simplify cross-border payments between enterprises. The main purpose of the platform is to create an alternative to traditional banking payment methods, which are often associated with high fees, long processing times, and complexities in currency conversion.
The project targets companies engaged in international business, particularly in countries where banking infrastructure lacks sufficient flexibility and speed. By utilizing blockchain technology, it eliminates common issues such as transaction delays, intermediary requirements, and financial operation opacity.
Cedar Money supports transactions in both stablecoins and fiat currencies, allowing businesses to choose the most convenient payment method. One of the platform's key features is the automation of payment processes using smart contracts, which reduces risks and eliminates the need to trust third parties.
Technological foundation and supported blockchains
Cedar Money employs advanced blockchain technologies to ensure high transaction speed, transparency, and security. The platform is based on multiple blockchains, including Ethereum and Polygon, ensuring a balance between efficiency and low transaction costs.
Smart contract implementation allows for the automation of payment obligations, minimizing human errors. Additionally, the project extensively utilizes stablecoins such as USDC and USDT, which are pegged to fiat currencies, reducing volatility and making payments predictable.
| Technology | Description |
|---|---|
| Blockchains | The platform utilizes Ethereum and Polygon for speed, security, and scalability. |
| Stablecoins | Supports USDC, USDT, and other stable assets to protect against volatility. |
| Smart Contracts | Automates payments, eliminating intermediaries and reducing risks. |
| Fiat Integrations | Enables businesses to use traditional currencies alongside cryptocurrency assets. |
The integration of these technologies makes Cedar Money a versatile platform capable of meeting the needs of various businesses operating in an international environment. By combining blockchain tools with fiat solutions, the system offers flexibility, security, and ease of use.
Funding and Partnerships
In January 2025, Cedar Money raised $9.9 million in a seed funding round led by QED Investors. Other participants in the round included North Island Ventures, Wischoff Ventures, Lattice, and Stellar.
Additionally, Cedar Money actively collaborates with financial institutions and technology partners to create an efficient infrastructure for cross-border payments. This cooperation is aimed at ensuring security, regulatory compliance, and integration with existing financial systems.
Main project partners:
- QED Investors – the leading investor in the seed round, providing significant funding and expert support.
- North Island Ventures – participated in the funding round, offering strategic resources and consultations.
- Wischoff Ventures – invested in the project, contributing to its development and expansion into new markets.
- Lattice – provided financial support and expertise in fintech startups.
- Stellar – supported funding efforts, ensuring integration with blockchain technologies.
Long-term collaboration with leading investors and financial institutions helps Cedar Money not only grow but also build trust within the business community. Partnerships provide access to key resources and assist the project in adapting to new global market requirements.
Advantages and Features of the Platform
Cedar Money stands out among other solutions due to its flexibility, speed, and accessibility for businesses. The use of stablecoins helps avoid issues associated with the high volatility of cryptocurrencies, while integration with banking systems makes the platform convenient even for companies that are not yet ready to fully transition to digital assets.
Key advantages of the platform:
- High transaction execution speed due to blockchain utilization.
- Lower fees compared to traditional banking payments.
- Automation of payments using smart contracts, minimizing risks.
- Support for multiple currencies, including stablecoins and fiat.
- Easy integration with existing company financial systems.
These features make Cedar Money a highly sought-after solution for enterprises looking to reduce costs and increase the speed of financial transactions. Thanks to its ease of use and user-friendly interface, the platform is suitable for both small and large businesses interested in efficient international settlements.
Conclusion
Cedar Money offers an innovative approach to cross-border payments, combining the capabilities of blockchain and traditional financial systems. The platform ensures fast, secure, and cost-effective transfers for businesses, reducing expenses and simplifying transactions. The use of stablecoins and smart contracts makes payments transparent and automated. Stable funding and strategic partnerships help the project grow, expanding its presence in the digital payments market.
