Harnessing the power of Stellar

Projects like ours, which center on lending to emerging markets, require low transaction fees so our borrowers can pay back their loans in the small increments that work best for them. From the outset Stellar has been a favored platform for remittances and payments because the cost of making a payment through their blockchain is only <$0.00001. This is cheaper than Stellar’s direct competitor Ripple, who’s transaction costs stand at 0.0003. These undercut Ethereum’s cost of $0.76 per transaction and massively outstrip Bitcoin’s rate of $42 per transaction. There are two projects in particular which we believe will leverage this Stellar asset to disrupt the face of future finance.

What attracted LendLedger to the Stellar platform was our shared mission of financial inclusion. Stellar’s non-profit platform, established in 2014, works to promote global financial access, literacy, and inclusion. Just like us, Stellar agrees that universal access to affordable, financial services are a fundamental right. It’s therefore no surprise that other pioneering projects are operating on the platform with the same vision..

Related posts:

Variable declarations are one of the most basic aspects of any programming language. However, JavaScript has a little quirk, known as hoisting, which can turn an innocent looking declaration into a…

Content creation - Content creation is one of those career options that have some really bright future prospects. Whether we talk about leading tech firms or digital marketing companies or any other…