Stellar Lumens (XLM) will be able to change the world by improving financial inclusion.  They are focused on making this possible by providing the infrastructure and strategic network to make it possible to move money at the speed of an email.  This means, anyone who wants to send money to their loved ones will be able to do it as fast as sending an email.

There is a lot of talent required to innovate more.  To make this possible Stellar is supporting talented developers with funds to take their project ahead.  The Stellar Community Fund is awarded to those who are willing to develop projects on the Stellar Blockchain. The SCF empowers building, engaging, launching, and growing the project idea to fruition.

Anyone from any part of the world, who has the talent and vision to make a project come true on the Stellar Blockchain, can apply and prove their skill to win the community funding.

Every year through several rounds of funding, about 12,000,000 XLM is awarded to promising projects across the world.  The decision is based on input from the votes received from the Stellar Community. Thus, the only talent is the key to winning funds.  If the project proves usability, it gets support. Thus, a truly user-centric project will always manage to find its way to winning its share from the SCF.

It is worth noting that SDF has been collaborating with the DFS Lab for a Blockchain-based Boot Camp for African Startups. As a result, companies in Africa looking to improve their existing services or further embed digital asset solutions into their models have applied for it.

The DFS and SDF collaboration focuses on empowering mid-stage startups in Africa by providing them with an opportunity to build on Stellar.  This funding is particularly focused on improving financial services, and therefore the funding is for improving financial services and products.

The winning companies will be getting prizes from 5,000 to 20,000 USDC, and there are also chances for follow-on funding for additional grants, which might be a potential investment from SDF’s Enterprise Fund.

Crypto-curious companies, blockchain native companies, and Fintech companies looking to embed digital asset solutions into their models were among those who expressed interest in the fund.  The end result is to equip them with practical tools and educational support, which is needed to create viable solutions to fit local needs.

The viable use cases which SDF might support were related to cross-border or multi-currency payments, business payments for high-cost corridors, reimagining remittances and reducing friction, improving access to financial services, safeguarding value, multi-currency savings and yield-earning accounts, tokenized assets, investing in securities.

Other use cases were financial inclusion in emerging markets, banking, payment processing, lending, payroll, and treasury management.