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Blue Star Capital Plc

Creating a Stellar Ecosystem Standard for Send / Receive Transactions

Right now, there’s a widely used ecosystem standard for Deposit / Withdrawal transactions that Stellar anchors and wallets implement to allow users to obtain and redeem Stellar-network tokens in exchange for fiat currencies using their interface of choice.

However, many traditional remittance and business-to-business payments require a different kind of interaction: money moves from a sender’s bank account to a recipient’s, or from cash on the counter to cash out the door. These Send / Receive transactions skip the deposit and withdrawal steps entirely, and by doing so, present their own set of opportunities and challenges. Currently, there’s no standard way to execute them on Stellar; the goal of this experiment is to start to hammer one out live and in public.

Over the course of an hour, listen as representatives from Cowrie, Tempo, Satoshipay, FinClusive and the Stellar Development Foundation try to figure out the best way to implement a solution. There’s a live Q&A at the end, so bring your best questions!

SatoshiPay is developing a two-way payment platform, which enables online content providers to monetise their digital content through the acceptance of nanopayments. Blue Star Capital Plc (LON:BLU) is an investing company with a focus on new technologies, their investments include a 29.4% holding in SatoshiPay.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.