BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Stellar’s Lisa Nestor: Crypto Wallets Anywhere In The World Can Now Have Savings Accounts (Interview)

Stellar’s Lisa Nestor: Crypto Wallets Anywhere In The World Can Now Have Savings Accounts (Interview)
The Stellar Development Foundation is more focused on building its protocol than the market conditions, said the organization’s Senior Director of Enterprise Ecosystems, Lisa Nestor. In an exclusive interview with CryptoPotato , Nestor also spoke about Stellar’s latest developments.
Stellar USDC Accessible Savings Products
The blockchain-based network for currencies and payments recently announced a significant milestone achieved by partnering with the payment processor – Wyre. The latter launched a new Wyre Savings API where “FinTechs can access yield-earning savings products leveraging Stellar USDC.”
CryptoPotato had the chance to speak with Nestor during the Miami  2021 Bitcoin Conference , where she provided more details about how the initiative will function.
Nestor believes the new partnership, that will facilitate fiat to crypto payments, would have a “really big impact in the market” because of Wyre’s reach to its giant customers from the Fintech sector.
Lisa Nestor, Stellar.
With the new initiative, “those same fintechs will be able to individually consume the savings products for their own enterprise treasury and offer it to their end customers via the API.
So that means that a crypto wallet anywhere in the world can suddenly enable their users to not only get access to a fast, cheap version of USDC, but they can also offer them this savings account where they can earn yield on it.”
Additionally, being a regulated financial services firm in the US with a license to operate in most of the country’s states and several other nations, Wyre can enhance the legitimacy of the project for those not involved in the cryptocurrency industry.
At the same time, Stellar will provide its efficient platform and bring the USDC using its blockchain that is “liquid and reputable.”
The project was in beta for a few months and has displayed substantial results in the trials using BTC and ETH. However, USDC was just recently added, and Wyre and Stellar are yet to provide the initial usage numbers.
Lots of Dollars That Need To Go In Some Places
On the question of how did the late 2020 and early 2021 bull market impact Stellar’s product development, Nestor said it didn’t have as significant effects as some positive news in terms of regulations coming from the US.
For instance, she outlined the OCC’s decision to enable US banks to use stablecoins and public blockchains for payments. It had a “really good impact on the quality of the conversations we are having with US-based financial institutions.”
Nevertheless, Nestor outlined the massive price appreciations in the market, making it XLM popular among retail investors once again. However, she also believes “there are some much larger macroeconomic things that are going on right now that really have nothing to do with crypto.”
“There’s a lot of dollars in the world right now, and those need to go in some places. And, so just like we’re seeing – impacts the stock markets.
I think you can see impact on crypto markets too. I think that was part of the bull run, so recently, that inevitably has to pull off like any market has to cool off.”
As far as the company’s mission, Nestor said it has focused on cross-border payments:
“I think being able to execute a payment from one side of the world to the other, using an asset like USDC or Stellar’s native on and off ramps and being able to do that for fractions of a cent in a few seconds – that’s really what it’s about.

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ Stellar’s Lisa Nestor: Crypto Wallets Anywhere In The World Can Now Have Savings Accounts (Interview)


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News