Velocity Secures $48M in Funding from Visa, Circle, and Ripple at $200M Valuation

Velocity, a company in the crypto space, has increased its Series A funding to $48 million at a valuation of $200 million. The backing for this increase comes from prominent financial institutions including Visa, Circle, and Ripple.

The investment will likely support Velocity's growth and development plans in the cryptocurrency industry.

There is no information available on how the funds will be allocated or what specific goals Velocity aims to achieve with this influx of capital.