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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Checkout.com raises $1B in Series D, bringing valuation to $40B

The British payment platform said it will use funds to further crypto payment processing.

Global payments processor Checkout.com announced a $1 billion Series D funding round on Wednesday, which marks a total of $1.8 billion raised to date and a $40 billion company valuation.

Among the primary investors in the latest round are Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, the Oxford Endowment Fund and more.

The U.K.-based startup plans to use the funds to scale operations in the U.S. market, further develop their payment platform and “strengthen leadership in Web3,” according to the statement. Checkout.com founder and CEO, Guillaume Pousaz acknowledged:

"At our core, we help enterprise merchants to navigate the complexity of moving money around the world, whether in fiat currency or bridging the gap to Web3."

Related: British Payment Firm Checkout.​com Joins the Libra Association

In addition to serving ecommerce and services merchants such as Netflix, Pizza Hut and Sony, Checkout.com also powers large crypto players, including Coinbase, Crypto.com, FTX and MoonPay. Its modular products are also used by the fan token provider Socios.com and the blockchain-based wallet Novi from Meta. The company also claims to be beta-testing a proprietary solution for merchants to settle transactions in digital currencies.

Pousaz added that the company is still in “chapter zero of our journey” of bridging fiat and cryptocurrencies. And according to Checkout.com's 2022 e-commerce trends report, payment diversification strategies are "vital" if brands want to convert more sales, especially as merchants increasingly offer digital wallet integrations, QR code scanners and even to sell their own NFTs.

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