Arx Research has raised $6.1 million in seed funding to launch "Burner Terminal," a stablecoin and fiat currency POS machine.

Hardware and software company Arx Research has raised $6.1 million in seed funding, 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.