cryptolinkbase.com
Cryptocurrency and Blockchain Knowledge Directory.
Category: Blockchains -> Stellar
Type: guide
"For end-users, Stellar is a fast, efficient network for trading, saving, and spending digital money. For builders, itâ??s open financial infrastructure. Anyone can access it; thereâ??s no permission or application needed. That basket of currency tokens we just mentioned, those are on the network, ready to use. We have euros, bitcoins, dollars, Mexican pesos, Argentinian pesos, Brazilian reais, and Nigerian naira. Their respective issuers handle deposit, redemption, and compliance, so builders can focus on end-user experience. This same openness also applies to the token layer: a financial institution can issue new digital tokens to fill a market need, say, for the Swiss Franc, without joining a proprietary â??associationâ?? or dealing with a gatekeeper. "
