Latitude announces completion of $8 million financing, led by NEA BlockBeats News: On March 31st, according to Fortune magazine, stablecoin cross-border payment company Latitude announced the completion of $8 million in financing, led by NEA, with participation from Lightspeed Faction, Coinbase, Paxos, and Solana Foundation. Latitude's main product is the so-called global payment, which allows American businesses to make payments to individuals in over 50 countries. When a US company sends dollars through Latitude, the startup's network first exchanges the dollars for stablecoins, and then exchanges them for the local currency of the receiving location. The three co founders have worked for companies such as Uber, Coinbase, Meta, and Stripe. They stated that their experience in the fields of encryption, technology, and payments has made them aware of the importance of efficient global capital flows.