Arx Research completes $6.1 million seed round financing, launching stablecoin and fiat POS machine "Burner Terminal."

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

The company has officially launched a handheld POS device called "Burner Terminal," which integrates digital assets and traditional payments. This terminal is EMV certified, supports stablecoins, contactless cards, and chip-and-PIN card payments, and integrates the Flexa network to support cryptocurrencies like Bitcoin and Ethereum. The product is designed specifically for small merchants such as food trucks and hair salons, enabling mobile payments via WiFi and LTE networks, allowing consumers to pay through their phones by tapping, 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 space. The company's CEO stated that if merchants accept stablecoins directly, the fee structure could be close to free. The funding will be used to scale production, develop the ecosystem, and expand into the North American and Latin American markets, with plans for a full product launch in early 2026.