The SDF announced the $30 million Matching Fund and its first 4 investments in Bitwage, Trace Finance FVestor, afriexapp. This unique new source of funding is available to early-stage companies building blockchain-based solutions.
Bitwage: Payroll, invoicing, and benefit solutions for the new decentralized age.
Trace Finance FVestor: FanVestor is an all-in-one crowdfunding platform focused on celebrity related projects. Fans can invest in securities, buy merch or support charities.
Afriexapp: Make it easy to send money across borders. Currently sending to Nigeria, Ghana, Kenya, Uganda, and USA.
In response, Denelle Dixon expressed: The Matching Fund is an opportunity for SDF to support more companies building on blockchain in their early stages and grow the Stellar ecosystem at the same time. To the startups and investors out there working to improve the world’s financial infrastructure: come build with us.
Community Reaction: These are all good beginnings. We have been walking with light and hope.
Always with new opportunities and funding businesses so awesome.
Among other developments it is important to follow the developments which are being reported under, “Smart Contracts on Stellar: Why Now? Kicking off Project Jump Cannon” by Tomer Weller.
It all starts off with the note, “Our approach to smart contracts on Stellar. Let me take you on a little trip back in time to explain why we didn’t think we needed smart contracts on the network and why we’ve changed our minds.” The rest is for users to follow from the publication.
Otherwise, in terms of price, Stellar Lumens has been forming higher lows over the past three weeks and it has also traced lower highs.
There is no doubt that XLM is one coin which even the most skeptic trader would buy. XLM provides corporations and large entities with the scale and flexibility which is required to do cross-border business. Further, XLM is already fully mined.
Anyone who understands the importance of partnership will be impressed by the quality and caliber of partners with Stellar Lumens. The cryptocurrency has a good chance of being chosen as the go-to name when it comes to completing international deals.
Cryptocurrency users are increasingly looking at lower costs and noteworthy utility as a major factor when it comes to making a decision about their investment in XLM. The XLM cryptocurrency serves a clear purpose.
Several cryptocurrencies have limited degree of practical usage. Sufficient numbers of merchants should be willing to accept the cryptocurrency – and with XLM there is no such problem as cross border payments can be handled for dirt cheap price and the transactions take place within minutes.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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