On February 28, the cryptocurrency payment startup FLUUS announced that it has successfully completed a pre-seed round before its beta launch.

The funding round resulted in the accumulation of $600,000 thanks to the participation of FHS Capital, Encryptus. io, and a number of angel investors, according to information shared with Finbold.

As a result of the seed round, FLUUS will be able to develop further products to pave the way for the widespread adoption of crypto-fiat payments.

Specifically, consumers will have access to Web3 services like token swapping and staking after FLUUS completes the development of an on- and off-ramp for fiat to cryptocurrency transactions.

The innovative payment solution, in particular, was developed to reduce the friction involved in joining and leaving the cryptocurrency market. A private test of the payment gateway offered by FLUUS has already resulted in the successful off-ramping of more than $1 million worth of cryptocurrencies.