What you need to know about Stellar, the new open-source solution to international currency exchange
Sending money internationally usually involves an expensive wire transfer at a brick and mortar location. “Our lives have become global but the financial system hasn’t caught up,” says Stellar Executive Director, Joyce Kim. Stellar is the latest currency scheme from the tech world to help move the financial system into the present. It’s from the same people that brought you Stripe, the online payment system. The open-source decentralized system facilitates sending and receiving money in multiple currencies. For example, you can send US dollars to a friend or family member in Mexico and it’ll be received as Pesos. The transactions can be peer-to-peer or use…
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