Finclusive Cap expressed:  Thanks to Stellar Org’s USDC integration, we are able to operate as a U.S.-based anchor and facilitate reliable, cross-border transactions (e.g., corporate B2B payments, remittances).

FinClusive are having a rich set of experiences working at the top levels of government, in financial services, and in fintech sectors.

Lisa Nestor, SDF Senior Director:  Finclusive is a very exciting company that has been in the Stellar Ecosystem for a number of years.  And, so, they are a US based company that provides compliance as a service to Fintech payment companies, but they also serve as what we call an Anchor on the Stellar Network. So, Anchor on Stellar really creates a bridge, between some Local Payment Network. 

In this case, ACH the US domestic payment network and Stellar.  So, that value can move from Stellar to a local payment network. So, Finclusive have set up this Anchor servers in the US. And, USDC is a primary asset that they work with. So, companies for example remittance companies in the Europe can use USDC and send back to Finclusive. Who will then facilitate a payout to an end beneficiary in the US bank account?   

So, Finclusive’s business is typically B2B.  They work with a lot of our payment companies that are active on Stellar from around the world. So, Nigeria, Senegal, Europe, Philippines, and they helped to facilitate, the US leg of transactions.  So, whether it is about a corporate B2B or a remittance payment – these companies basically whether they are on ramp or off ramp between dollars and USDC natively on Stellar. And I think it is also inclusive and they have got all these kind of built in compliance tools ensuring that these are compliance regulated transactions.

And, you know they can even work with these payments companies from around the world and extending compliance package in Service. So, they have been really key and they have been in to lot of cross border payments that have been running within the Stellar Ecosystem, and I know they have seen a lot of growth in the last couple of weeks and expect to continue.

Community reactions were like:  As soon as Lightning Network matures, Stellar is going to lose its traction. I hope it’s not because I have some thousands of XLMs. But this is how I don’t see the future of Stellar. Oh wow! And XLM still can’t even raise in price!