Blockchain firm Borderless.xyz streamlines global payments with innovative financial infrastructure

Borderless.xyz – GoDaddy customer – (United States)

Innovative developers use .xyz domains to leverage the power of blockchain technology and deliver bleeding-edge solutions. Blockchain explorer Cymbal.xyz strives to help users navigate the blockchain landscape with confidence. Web3 platform Bonfire.xyz aims to revolutionize creator engagement and digital ownership. Data platform Artemis.xyz aims to deliver institutional-grade blockchain metrics. In this week’s #BlockchainThursday, we’ll introduce you to a company reimagining global payments through innovative financial infrastructure: Borderless.xyz.

Borderless.xyz: Simplifying global payments with blockchain technology

Borderless.xyz is the online home of Borderless, a blockchain-based payments firm. It supports stablecoins (digital currencies tied to the value of traditional money), real-world assets (RWAs), and fiat currencies (such as dollars or euros). The company operates in 51 countries and supports 24 currencies through its Global Transfer Protocol (GTP). GTP is a system that helps transfer money across borders, process payouts, and provide ways to add or withdraw funds. Unlike traditional banking systems that rely on multiple intermediary banks, GTP settles payments directly between local financial institutions licensed to operate in specific regions. This approach is designed to make global payments faster and more cost-effective. In October 2024, Borderless raised $3 million in a pre-seed funding round led by Amity Ventures, with participation from nine angel investors, including Talos founder Anton Katz and Fireblocks founder Michael Shaulov. This brings the blockchain-based payments firm’s total funding to $3.3 million.¹

The firm’s GTP supports various use cases, including global remittance services, collections, trade settlements, and payroll processing. With 32 payment methods and partnerships with six financial institutions, GTP fosters settlements in stablecoins or fiat currencies to simplify transactions. The platform is designed to accommodate industries such as consumer remittance apps, payouts platforms, wallet infrastructure, and cross-border payment APIs, integrating easily into existing payment systems to support a range of businesses.

Versatile payment solutions with Global Transfer Protocol (GTP)

Borderless aims to address the challenges of traditional banking, which can be slow, fragmented, and costly for cross-border payments. Borderless seeks to minimize reliance on multiple currency exchanges and intermediary banks by utilizing stablecoins and RWAs. This approach fosters access to stable currencies in emerging markets while offering developers tools to build global payment solutions. The firm contributes to the development of onchain banking infrastructure by focusing on a unified network for stablecoin-enabled financial institutions.

CEO Kevin Lehtiniitty: Driving innovation in financial infrastructure

CEO Kevin Lehtiniitty is a seasoned entrepreneur and product leader with a background in building innovative financial infrastructure. Kevin served as the CTO and Chief Product Officer at Fortress Trust Company, where he developed web3 infrastructure solutions, including embeddable wallets, NFT minting engines, and payment processing tools. Kevin also held the role of Chief Product Officer at Prime Trust, a financial infrastructure platform that streamlined the process of building and scaling secure financial applications. 

Borderless.xyz: A domain for global innovation

The Borderless.xyz domain reflects its focus on innovation and its commitment to serving a global audience. The .xyz extension is widely recognized as versatile and forward-thinking, making it a fitting choice for a company operating at the intersection of blockchain and financial technology. As a short and memorable domain, Borderless.xyz effectively communicates the company’s mission to create a borderless payments network while providing a modern and accessible online presence. You can learn more by following the firm on X/Twitter @borderlessxyz and LinkedIn, and by visiting Borderless.xyz.