Denelle Dixon expressed that she is delighted to have their partnership with Settle Network continue to flourish with their recent investment. Settle is well-positioned to offer access to stablecoins to everyday people in LATAM and beyond, thereby bringing the value of blockchain to those in need of financial services.
The community are sure that in a couple of years, the entire world is going to use this technology. Stellar have invested nearly $3 million in lumens to help improve on the payment tools they provide for stable coins. With these funds, Settle’s current suite of payment tools providing for fiat to crypto on ramps for B2C and B2B users will be improved.
The Settle Payment Tool provides for stablecoin issuance, market place, stablecoin payment processing, and merchant gateway.
Denelle Dixon expressed that the Settle Network are delivering on the mission and vision of Stellar, thereby putting blockchain technology and access to finance in to the hands of the people.
Settle Network recently launched their first stablecoin exchange, StableX. Further, Settle have a strong foothold in Latin America by virtue of their strong fiat to crypto capabilities. They also have a hold in Argentina, hailed to be the third largest LATAM market.
Pablo Orlando, CEO of Settle Network expressed, “There is no better partner for us than SDF, who matches our core values, as we take our technology to the next level, opening a new world of possibilities for international remittances and cross-border payments.”
Commenting on the Settle Network, Sydney Ifergan, the crypto expert tweeted: “Stellar Lumens (XLM) enterprise fund are making useful projects like Settle make it to reality. Thus, they are inspiring more of good projects.”
Stellar Lumens (XLM) as a Gift
The grant funds have made a lot of impact. The SDF in the year 2020 have made lot of things possible with their total investments of $9.265 million in four companies like DSTOQ, SatoshiPay, Abra, and Settle Network.
The numbers of corporate entities who are beginning to hold and use XLM is increasing exponentially. XLM has been highly useful in cross-asset transfer of value including making digital payments.
XLM is also getting promoted as a great gift for crypto currency traders and crypto enthusiasts. It goes that geeks and nerds who understand that the future lies in the blockchain, cryptocurrency, smart contracts, crypto coins and tokens like owning it. It is considered to be great for any occasion to show appreciation and gratitude too.
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