The Currency Analytics
By Ayobami Abiola
Denelle Dixon, CEO at Stellar Development Fund (SDF) last week presented Blockchain Technology and its role in transforming financial services to the members of the House…
While addressing the members she identified that the traditional payment system is beset with slow completion times and huge transaction fees:
“Because that’s an area we know that deeply needs innovation. According to the U.N., 800 million people – about one in nine globally – are supported by funds sent home by migrant…
To remedy this problem, Denelle iterated that Stellar protocol was designed to complete cross-border transactions in seconds with a fee as low as a fraction of a cent.
“Cowrie, a regulated FinTech company based in Lagos, Nigeria, provides cross-border payment services for the Nigerian market, powered by Stellar.
With Stellar, Cowrie can serve as an endpoint to connect users to transfer funds to the EU via Tempo which is another Stellar based Anchor in Europe.
“As you consider these types of policy objectives, I want to make myself and my team available as resources to the Task Force, and I’d love to know how Task Force Members are…
The stellar protocol continues to prove itself as a viable option for governments to use as a remittance option.