Stellar Expressed: Did you know you can trade all forms of value, including BTC, on the Stellar network? Wrapped BTC is one of the most popular assets traded on Stellar’s DEX. Apay.io is one issuer of BTC on Stellar and to date their token has been used to process over 30K payments.
Apay.io is the Papaya anchor for Stellar Network. At the moment they are supporting BTC, LTC, ETH, BAT, LINK and USDT. When it comes to deposit Minimum deposit is 0.001 ETH. Any funds below that are ignored.
The future of digital currencies in Canada was discussed in the Payments Canada Summit Panel. It was a virtual event by Rob Durscki, SDF’s Senior Director, Business Development & Partnerships on The next payments frontier: the future of digital currencies in Canada’ at the 2021 Payments Canada Summit.
This panel explored perspectives from the public and private sector on the future of money and payments in Canada.
The Panelists shared their perspectives and engaged in a discussion on overlaps between the Canadian payments Modernization program and digital currencies, and about the foundational requirements to enable digital currencies in Canada e.g., Retail Payments Oversight Framework, Open Banking, etc., value proposition and marketplace need for digital currencies, future-state user experiences and use cases for digital currencies, risk, security, and privacy considerations for digital currencies.
With the proliferation of smartphones, social media, and e-Commerce digital economy has seen a boom. In response, digital forms of currency e.g., cryptocurrency, stablecoins, CBDC, etc. have emerged and therefore there are new opportunities and challenges introduced in the financial ecosystem.
The panel is about the evolving nature of money for centuries as a means of facilitating commerce.
User reaction was like: First time hearing or reading about crypto developments in Canada.
Of note, The Stellar public network recently upgraded to Protocol 17.
Those worried about price action were like: It is disappointing to see XLM really lagging behind other projects. When will we hear of some partnerships or see some price action. So we should expect the price to crash then. Why? Because prices always do the opposite to what you expect.
Enthusiasts were like “S upreme T ransaction E lectronically L umenious! L ivable A ccessible R eliable”
On the regulation front, SDF engages regulators because to get blockchain policy right, they need open dialogue. Protecting users, deterring crimes, and growing economic opportunity should be priorities for all.
