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Cryptoknowmics 2022-05-28 10:33:58

Stellar Development Foundation Partners With Brazil’s Mercado Bitcoin

The Stellar Development Foundation (SDF) and Mercado Bitcoin, Latin America’s largest crypto exchange, have announced a collaboration to develop a project that would investigate use cases for a central bank digital currency (CBDC). The SDF is a “non-profit organization created in 2014 to assist the open-source Stellar network’s development and expansion. Unlock the world’s economic potential by making money more fluid, markets more open, and people more empowered,” the SDF and Stellar say. The SDF assists in maintaining Stellar’s codebase, provides support to the technical and corporate groups surrounding Stellar, and serves as a liaison with regulators and institutions.” Bankman-Fried says FTX prepared to spend billions on acquisitions: Bloomberg – The Block Crypto #crypto https://t.co/bBsasNnNnE — Coin Alert (@coin_alertt) May 28, 2022 Stellar is an “open-source network for currencies and payments” that “allows you to generate, send, and trade digital representations of any type of currency—dollars, pesos, bitcoin, pretty much anything. Stellar relies on blockchain to keep the network in sync, but the end-user experience is more like cash—Stellar is faster, cheaper, and more energy-efficient than traditional blockchain-based solutions,” according to the company. The Stellar network, which debuted in 2014, features a “native digital currency, the lumen,” which is “needed in tiny amounts for initializing accounts and conductin...

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