Stellar Development Foundation and its Stellar Vision
Stellar Development Foundation is a nonprofit organization working on bringing banking and financial services to the unbanked across the world. A simple Google search is enough to know that there are over 2.5 billion unbanked adults across the world. These people don't have access to, or don't use banks or any microfinance institutions to manage their money. Most of the unbanked population are from the developing countries in African, Asian and South American continents. The unbanked population in these regions do not have access financial institutions or services for multiple reasons.....
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The Stellar Foundation has released details about the new consensus protocol it hopes to deploy on the Stellar network as early as this summer. Founded on a concept called federated Byzantine agreement, the Stellar Consensus Protocol is intended to replace Stellar's existing consensus protocol, itself is based on the system used by competitor Ripple Labs. The Stellar team said in December that it was working to replace its existing protocol following network issues last September. The Stellar Foundation, the organization that oversees the development of the Stellar network, published the....
Stellar Development Foundation (SDF) has issued its Q1 report. In an official post, the SDF reiterated the importance of its main strategic pillar around Stellar’s blockchain: usability, trust, adoption, and sustainable use cases. In the past months, Stellar’s ecosystem has started growing on top of this vision according to the SDF. Data provided by the […]
Moneygram, one of the leaders in the cross-border payments and remittances market, has partnered with the Stellar Development Foundation to use the Stellar blockchain for settlements. The company will use the native version of USD coin (USDC), a popular stablecoin, to simplify and accelerate the process of sending remittances. This also means that Moneygram will act as a fiat on and off-ramp service for USD coin users.
Moneygram to Use Crypto for Remittances
Moneygram, a Dallas, Texas-based payments and remittances company, has announced a partnership with the Stellar Development....
Stellar (XLM) records a positive performance in 24-hours as the crypto market in general recovers from its sell-off. As of press time, XLM trades at $0.20 with a 4.8% profit in the last day. Related Reading | Stellar Development Foundation Launches New Account Model, How Users Will Benefit On January 25th, Stellar Development Foundation (SDF) Vice President of Technological Strategy Tomer Weller announced via Twitter the integration of smart contract on this network. With a tentative deployment date set by the end of 2022, this addition could transform XLM’s ecosystem and use cases.....
Stellar follows the general market sentiment with green indicators across the board. XLM’s price seems to be positively reacting to the increase in USD Coin (USDC) liquidity on top of its blockchain. Additionally, the Stellar Development Foundation (SDF) made a potential groundbreaking announcement. Alongside VISA, Tala, and Circle, one of the companies behind USDC, the […]