Stellar Lumens (XLM) Forum with for newcomers and contributor's rewarded Check here




"!! Hot NEWS -  Stellar Partners With Oradian To Bring Instant Money Transfer To Nigeria
  • 38 Vote(s) - 3 Average
  • 1
  • 2
  • 3
  • 4
  • 5

#1
01 information 
[Image: unnamed1.png?w=768&h=606]
A Map of all MFI branches participating in the launch of the new program

Stellar, the Stripe-backed open-source payment network, has launched its first major integration in the form of a partnership with Oradian, a company that sells cloud-based software to micro finance institutions (MFIs) in developing countries.


As a refresher, Stellar is a non-profit foundation with the goal of connecting different financial systems around the world. Started by the original creator of Mt. Gox, Stellar first launched by openly distributing Lumens (the platform’s digital currency) to anyone that signed up online.

However, the platform has since shifted its focus onto facilitating the exchange of existing currencies, essentially becoming an open-source SWIFT.

For its first real-world test, Stellar decided to tackle a very real problem – money transfer in rural Nigeria. Today, the foundation announced the launch of a new payment-transfer network inside Oradian, built on top of Stellar’s platform.

By integrating the Stellar platform into their core software, Oradian will allow 300,000 Nigerians to cheaply transfer money between MFIs over the Stellar network.

Joyce Kim, Executive Director of Stellar, explained that the partnership will bring the first live money transfer network to Nigeria. “With the Oradian integration, communities that primarily relied upon cash for money transfer in and out of their villages can now transfer money instantly and safely, regardless of their location”.

So why Nigeria? The foundation explained that Nigeria not only has the largest economy in Africa, but also has the largest population. But, despite these numbers, the nation remains economically isolated from the rest of the world.

So while the program is initially focused on transmitting money within the country, its eventual goal is to allow safe and affordable remittance across borders, all on top of the Stellar network.
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Stellar (XLM) Under Huge Market Pressure; Price Drops To USD 0.066 crytocure 0 16 Yesterday, 02:08 PM
Last Post: crytocure
  Stellar Lumens (XLM) Embarks on a Reversal Trend, Trades Around its Major Support crytocure 0 18 Yesterday, 09:47 AM
Last Post: crytocure
  HOT: Get Free Stellar Lumens from Poloniex crytocure 0 35 20-08-2019, 10:15 AM
Last Post: crytocure
  Stellar (XLM) Moving Upwards Finally! Hope To See Some Returns Very Soon! crytocure 0 34 20-08-2019, 10:02 AM
Last Post: crytocure
  Stellar Price Upsurge continues; XLM Price might soon touch $0.075 crytocure 0 20 20-08-2019, 01:18 AM
Last Post: crytocure
  Stellar Price Analysis: Stellar (XLM) Price Has Dropped By Half Since Last Two Months crytocure 0 23 19-08-2019, 09:28 AM
Last Post: crytocure
  Stellar Price Analysis: XLM Initiates Recovery, Gains 1.11% in the Last 24 Hours crytocure 0 35 18-08-2019, 02:22 AM
Last Post: crytocure
  Litecoin (LTC), Binance Coin (BNB), & Stellar (XLM) Indicates A Positive Sign Of Impr crytocure 0 27 17-08-2019, 03:18 AM
Last Post: crytocure
  Stellar Price Analysis: Investors Are Eagerly Anticipating XLM Price Surge crytocure 0 50 16-08-2019, 12:05 PM
Last Post: crytocure
  XRP, Zcash, Stellar Threaten Yearly Lows crytocure 0 60 16-08-2019, 02:47 AM
Last Post: crytocure



Users browsing this thread: 1 Guest(s)