Svmuu News: El Dorado, a Latin American cross-border payment app, has secured $9 million in Series A funding. The round was led by venture capital firm Paradigm, with participation from Coinbase Ventures and Verda Ventures.The company noted that its current growth strategy focuses on “niche payment corridors” such as Brazil and Bolivia. It currently operates in 12 countries, covering markets including Argentina, Brazil, and Colombia, with over 100,000 active users and a transaction processing record of 5 million transactions. Additionally, El Dorado has launched a cross-border payment product for enterprises that combines multi-signature and multi-organization structures, integrates stablecoin and fiat channels, and runs on a Layer 1 network powered by Tempo, primarily serving real-world trade scenarios such as electric vehicle imports. (The Block)