The Currency Analytics
By Dan Saada
Steve Kirsch, CEO of Token.io stated, “Fragmentation and a lack of consistency in third party access are creating complexity in open banking.
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.
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.
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."
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.
Stellar is attracting a lot of user attention of late. They are trying to do something very similar to Ripple.
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.
Stellar also has other attractive elements like pre-tailored decentralized exchanges and low trading expenses.
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.
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…
At the time of reporting the news, Stellar was at $0.08 with a daily trading volume at $162,679,715.