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Blockchain Firm Near Raises $12M From Coinbase Ventures, Xpring and Others

American blockchain firm Near has raised over $12 million in its Series A round from a range of high-profile investors.

American blockchain firm Near has raised over $12 million in its Series A round from a range of high-profile investors, including Coinbase Ventures and Pantera, the Block reported on July 10.

Near — a startup that develops a public, proof-of-stake (PoS) blockchain focused on usability and scalability — has secured $12.1 million from industry players such as Coinbase Ventures, the investment arm of crypto exchange Coinbase, investment firm Pantera Capital, crypto hedge fund Multicoin, and Ripple’s developer ecosystem project Xpring, among others.

Unlike an initial coin offering-like approach, Near decided to secure funds in exchange for native tokens. Near is reportedly planning to allocate the raised funds “to recruit more developers, to accelerate the development of additional tooling and to launch the Naer Protocol mainnet.”

In April, Coinbase Ventures along with major technology investors such as Accomplice, Paradigm, and General Catalyst, made an investment into blockchain scalability project Coda. Coda aims to address blockchain’s scalability problem by compressing blocks and providing zero-knowledge proofs rather than most crypto-related firms.

In February, San Francisco-based blockchain lending firm Dharma Labs raised $7 million from big investors including Coinbase Ventures. Dharma Labs planned to use the raised capital mostly for its Lever product, a platform providing instant margin loans for cryptocurrency traders and high-volume investors.

Earlier today, Cointelegraph reported that global payment giant Visa recorded its second investment in a cryptocurrency project by leading a $40 million funding round of crypto custody service Anchorage startup.

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Blockchain Startup Solve.Care Partners with Uber to Transport Patients

Blockchain healthcare startup Solve.Care has partnered with Uber Health to transport patients.

Blockchain healthcare startup Solve.Care has partnered with Uber Health to transport patients, Solve.Care announced in a press release shared with Cointelegraph on July 9.

Per the release, Uber Health’s transportation services will be integrated into Solve.Care’s personal healthcare coordination and administration app Care.Wallet. Within the app, patients will reportedly be able to schedule an Uber Health ride, which claims to be compliant with the Health Insurance Portability and Accountability Act of 1996.

Furthermore, patients will also be able to pay for the service with their Care.Wallet and share the costs with family members, employers, insurers, or other relevant people. Uber Health head Dan Trigub is quoted in the press release commenting on the development:

“Every year, an estimated 3.6 million Americans miss their medical appointments due to a lack of reliable transportation, with the cost of missed primary care appointments estimated at US$150 billion annually. At Uber Health, we are always looking for ways to ensure that transportation is not a barrier to care.”

At the end of June, Cointelegraph released an in-depth piece on blockchain’s potential impact on healthcare.

Also in June, market research firm International Data Corporation released a survey revealing that only a limited number of healthcare firms in Europe are aware of the benefits of blockchain applications.