The primary goal of Stellar is to facilitate operations between different financial systems and currencies. Stellar uses an open source system and a protocol software, through servers placed around the world communicating online to form a global exchange value network. The technology used allows money to travel directly between users and companies. That process makes it more accessible on a worldwide level, lowers the transaction cost for banks and results in more overall revenue for businesses. The infrastructure is public and reliable, and a nonprofit organization is supporting it. A significant advantage is that Stellar makes mobile money platforms interoperable and helps companies expand their retail branches without the extra cost. Micropayments are further facilitated, increasing efficiency and decreasing the cost of each transaction for smaller transfers. Transactions on the Stellar network are almost instant, and there is a variety of customizable payments options. On a global scale, the Stellar organization fights poverty in less developed parts of the world by offering access to low-cost financial services.

Comments