Stellar network brings easy accessibility of EURO, USD & GPB currencies
Decentralised Exchange [DEX] of Fintech will become first Stellar DEX wallet and platform to ensure seamless EURO, USD and GPB accessibility. Recently, an announcement has been made through a press release about the collaboration of Fintech Ltd and the White Company to conduct, via White Standard stable coins, the withdrawal and deposition of USD, Euro and GBP currencies. Based on Stellar protocol, the White Standard happens to be the only one and also the first $USD stable coin.
White Standard or WSD facilitates transaction not just with efficiency and instantly, it also seamlessly integrate into the Stellar DEX and the prevailing ecosystem of Stellar. The White Wallet is under the supervision of the White Company which provides service to the users involving sending, receiving, purchasing and selling of WSD with other digital and fiat currencies.
Statement of the CEO of The White Company
The White Company CEO, Wlizabeth White has stated in this context, “Our goal is to unleash crypto’s real world potential, and this partnership with Interstellar is the first of many steps in not just bringing the White Standard stable coins to the masses, while increasing the ease for consumers to purchase Stellar lumens (XLM) with USD, GPB and the Euro.”
In the later phase of 2017, particularly its last quarter, Interstellar has been launched by Fintech. Interstellar serves as an ultimate decentralised exchange and cryptocurrency wallet. Interstellar also facilitates secured withdrawal, deposition and trading of Stellar Lumens, Ethereum, Litecoin, Bitcoin and Ripple. With the addition of WSD in its platform, Interstellar takes a step towards further enhancing the practical usage of the system.
Limited opportunities are available to the crypto investors and traders for purchasing or perhaps, redeeming in fiat. However, majority of the exchanges are confined to trading which involve only cryptocurrencies, without the withdrawal option.
Without the involvement of fees, The White Company will be enabling the users to deposit Euro, USD and GBP. In the proportion of 1:1 ratio, the users will be receive WSE, WSD or WSP. It will facilitate them to conduct trading of all the three stablecoins for the native currency of Stellar, XLM and also other digital tokens including Ethereum [ETH] and Bitcoin [BTC]. A similar procedure is meant for those traders who after purchasing the stable coins, seeks to redeem.
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