Arx Research completes $6.1 million seed round and launches stablecoin and fiat POS device "Burner Terminal"

According to ChainCatcher, citing The Block, hardware and software company Arx Research has completed a $6.1 million seed round led by Castle Island Ventures, with participation from Inflection, Placeholder, Seed Club Ventures, and 1kx.

The company officially launched the handheld POS device "Burner Terminal," which integrates digital assets and traditional payments. The terminal is EMV security certified, supports stablecoins, contactless cards, and chip-and-PIN card payments, and integrates the Flexa network to support crypto assets such as bitcoin and ethereum. The product is specifically designed for small merchants such as food trucks and hair salons, enabling mobile payments via WiFi and LTE networks. Consumers can pay by tapping their phone, using a Burner card, or scanning a QR code.

The founding partner of Castle Island Ventures pointed out that this is the first time stablecoins have truly entered the physical retail scene. The company CEO stated that if merchants accept stablecoins directly, the fee structure can be nearly free. The funds raised will be used to expand production, develop the ecosystem, and expand into the European, American, and Latin American markets. The product is planned for full launch in early 2026.