Immersve is a Web3 payment protocol that enables users to spend digital assets at over 70 million locations worldwide that accept Mastercard, utilizing non-custodial APIs and smart contracts for seamless transactions. The platform also offers card issuing services, allowing businesses to join the Mastercard network with the necessary technology and regulatory licenses.
Funding
$17.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Current methods for spending digital assets often require users to convert crypto to fiat currency, adding friction and complexity to the payment process. Existing solutions may also lack broad acceptance, limiting the utility of digital assets for everyday transactions.
Solution
Immersve provides a Web3 payment protocol that enables users to spend digital assets at over 70 million Mastercard-accepting locations globally. By leveraging non-custodial APIs and smart contracts, Immersve facilitates seamless transactions directly from users' crypto wallets. The platform also offers card issuing services, providing businesses with the technology and regulatory licenses needed to join the Mastercard network and issue their own branded cards. This allows for both centralized and decentralized payment experiences, bridging the gap between digital assets and traditional payment infrastructure.
Target Audience
The primary target audience includes Web3 users seeking to spend digital assets in everyday transactions and businesses looking to integrate crypto payments or issue their own branded cards.
Features
- Non-custodial APIs and smart contracts for secure and direct digital asset spending
- Access to over 70 million Mastercard merchant locations worldwide
- Card issuing services for businesses to create branded payment cards
- Support for both centralized and decentralized payment experiences
- Integration with Apple Pay