Bitcoin on a Prepaid Card? Moon Inc. Raises $8.8M to Make It Happen in Asia
Moon Inc. secured $8.8 million to launch a Bitcoin prepaid card in Thailand and South Korea, aiming for broader Asian expansion.Summary
Moon Inc. (HKEX: 1723) successfully raised approximately US$8.8 million (HK$65.5 million) through a private placement involving Bitcoin miners and investors to fund its Pan-Asian expansion, beginning with Thailand and South Korea. The core of this expansion is the launch of a Bitcoin-enabled prepaid card that allows users to acquire, store, and transfer Bitcoin easily, bypassing the complexity of traditional crypto wallets by leveraging Moon Inc.'s existing prepaid telecom expertise. CEO John Riggins stated the fundraise validates Hong Kong's role in regulated digital-asset innovation and Moon Inc.'s mission to bridge traditional capital markets with the Bitcoin economy. This follows the company's earlier adoption of a Bitcoin treasury strategy and its majority acquisition by Sora Ventures and UTXO Management.
(Source：Bitcoin Magazine)