Stellar Partnerships

The Stellar partnership with IBM caused a  lot of excitement for the crypto community and its advances could make a huge difference in 2020. IBM is using the Stellar network as a hub for a payment structure that offers security, transparency, and access to more financial services.

The project was developed as a payment platform and was built on the Stellar Lumens blockchain according to Lund Vice President of IBM Blockchain. The platform uses the distributed ledger technology to transfer the deposit value by issuing tokens that pass through the Stellar network. according to the experts, the IBM and Stellar partnership could even replace the Swift/IBAN system that is currently in use. Lund explained all of the possibilities of the project and the possible implications that it could have on the economy and the potential for enabling everyone to get access to banking services.

Stellar X is a decentralized cryptocurrency exchange platform and its peer to peer trading operation allows users to get bitcoin with fiat money. the platform is free to use and allows the users to withdraw, deposit and convert funds into cryptocurrencies or fiat money. You can also exchange tokens for their native coins or even make deposits directly into a bank account. The platform has the functions built into the portfolio which makes the user experience accessible and intuitive.

One of the regions that offer a huge possibility for the development of cryptocurrencies and the use cases In Africa is the Sure Remit network. This network allows African citizens to send money and vouchers from abroad to their home countries. Sure Remit services are aimed at expanding the remittance business so the users can respond to the needs of their families and loved ones instantly. Sure Remit uses the Stellar Lumens blockchain protocol and supports the RMT ecosystem services and the RMT platform token and the Stellar blockchain allows Sure Remit’s network to be with no fees.

Another company that offers remittance services in Tempo and back in 2018 it became a close ally of Stellar Lumens to use the platform and to reduce the fees. In addition to the Stellar network, the Tempo platform can make more than 50,000 transactions for less than one cent on the dollar. Tempo has a bigger presence in Europe and the alliance allows the users on the platform to purchase XLM directly from the application.

SatoshPay is another one of the amazing Stellar partnerships that were made in the branch of micropayments. After going through a few different platforms, it finally made a partnership with the Stellar Platform. SatoshiPay allows the websites to profit from the visitors so the websites can benefit from the form of micro-financing that allows the users that want to see content to contribute a few cents.

One of the biggest professional service providers Deloitte signed a partnership with Stellar Lumens and provides affordable and fast payment systems through the Deloitte digital bank. It is a very simple concept to provide cross-border payments and the fast peer to peer transactions using a driving license or other IDs to verify the payment. It takes less than five seconds.