Press Releases
By Dan Saada
1 / 11
Steve Kirsch, CEO of Token.io stated, “Fragmentation and a lack of consistency in third party access are creating complexity in open banking.
2 / 11
Mastercard is beginning to build on the blockchain after teaming with Stellar with a dispute resolution mechanism in place, thus ensuring legal and regulatory compliance.
3 / 11
Token.io is a San Francisco based startup which has a major goal of making it easy to send money globally just as fast as they will be able to send e-mails.
4 / 11
To facilitate this, Token.io “provides for financial API, TokenOS, as well as a dollar-backed stable coin on the Stellar (XLM) blockchain, Token X."
5 / 11
The partnership of Mastercard will facilitate using blockchain technology; however, it is not yet clear on whether they will be using digital assets like crypto in the process.
6 / 11
Stellar is attracting a lot of user attention of late. They are trying to do something very similar to Ripple.
7 / 11
Stellar has a lot of benefits over Ripple, particularly in terms of marketability. Ripple is developed in a way to work mainly with conventional banks in a regular space.
8 / 11
Stellar also has other attractive elements like pre-tailored decentralized exchanges and low trading expenses.
9 / 11
With all this in place, there are a few technical indicators which have already predicted a significant bull run before the end of the current year.
10 / 11
Michael Sonnenshein stated, "An American bank might keep large amounts of currencies in foreign banks, and be able to bring those balances onto the balance sheet as working…
11 / 11
At the time of reporting the news, Stellar was at $0.08 with a daily trading volume at $162,679,715.
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