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Stellar Blockchain: Understanding its Benefits for Payment Solutions

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Stellar blockchain provides cost-efficient and fast payment solutions , especially for SMEs and startups. Its ability to accept and transfer payments in any currency is the key highlight that creates opportunities for new financial markets. Read on for more information.

A decade ago Bitcoin made headlines for its capacity to transform payments and introduced the concept of digital currencies. Blockchain, the underlying technology has since been explored by players in the financial services industry to create new digital currencies and trading exchanges. A variety of blockchain platforms have now emerged to solve various challenges in the financial services industry. One platform that is widely popular for simplifying cross-border transactions is Stellar. Stellar is an open-source blockchain platform for creating digital decentralized payment systems that provide fast transactions in any pair of currencies. With Stellar blockchain development services, banks, financial institutions, and people can connect through decentralized financial markets for payment based use cases like cross-border transfers and remittances.

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