Arx Research raises $6.1 million seed round to launch ‘Burner Terminal’ stablecoin and fiat point-of-sale device
Arx Research secured $6.1 million in seed funding to launch the Burner Terminal, a POS device accepting stablecoins and traditional payments.Summary
Hardware and software firm Arx Research has successfully raised a $6.1 million seed round, led by Castle Island Ventures, to fund the launch of its "Burner Terminal." This handheld point-of-sale device is designed to unify digital assets and traditional payments by accepting stablecoins, contactless payments, and chip-and-PIN cards, boasting EMV certification for compatibility.
Castle Island Ventures Founding Partner Nic Carter noted that the terminal makes stablecoins relevant for physical retail by solving the "last mile" problem. The device integrates with the Flexa network, optionally supporting assets like Bitcoin and Ethereum, and allows merchants to accept direct stablecoin transactions outside traditional EMV rails, potentially leading to near-zero fees if stablecoins are held directly.
The funding will also be used to scale manufacturing and expand the Burner ecosystem, which includes the existing Burner Wallet. The Burner Terminal is slated to launch in the U.S. this month, with full commercial availability expected in early 2026, followed by expansion into the EU and Latin America.
(Source：The Block)