PANews reported on November 6th that, according to The Block, hardware and software company Arx Research has completed a $6.1 million seed funding round, led by Castle Island Ventures, with participation from Inflection, Placeholder, Seed Club Ventures, and 1kx. The company officially launched "Burner Terminal," a handheld POS device that integrates digital assets and traditional payments.

This terminal is EMV secure and supports stablecoin, contactless card, and chip-based payment methods. It also integrates the Flexa network to support crypto assets such as Bitcoin and Ethereum. Designed specifically for small businesses like food carts and hair salons, the product utilizes WiFi and LTE networks for mobile payments. Consumers can complete payments via smartphone touch, Burner card, or QR code scanning. A founding partner at Castle Island Ventures pointed out that this marks the first time stablecoins have truly penetrated the physical retail market. The company's CEO stated that if merchants directly accept stablecoins, the fee structure could be nearly free. The funding 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.