Polkadot's Web3 Foundation announces funding for Satoshipay, an on chain cross-border payment project

According to Golden Finance, the Web3 Foundation, a subsidiary of Polkadot, announced funding for the blockchain cross-border payment project Satoshipay to support its development of Vortex, a fiat/cryptocurrency gateway service based on the Polkadot chain. The Web3 Foundation has not disclosed the amount of funding, but Satoshipay has revealed that it has raised approximately $850000, including angel investors such as Blue Star Capital and Alexander Wilke.