a16z-backed Eco unveils Beam, a P2P crypto transfer service aiming to be a ‘global Venmo’

The crypto payments space is seeing a surge of activity these days as developers strive to make decentralized finance as user-friendly as web2 experiences.
Eco Inc, an a16z-backed payments startup that’s raised $95 million in funding to date, just unveiled a decentralized payments project called Beam. In an interview with TechCrunch, the company’s CEO Andy Bromberg described Beam as a non-custodial payment system that functions like a “global Venmo.”
The wallet’s non-custodial nature means that no centralized party, such as a bank or exchange, has access to users&

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