Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
Stellar has officially announced an investment to the tune of $5million into Abra, an all-in-one cryptocurrency wallet and exchange app (available on both the Google Android and iOS stores).
The funds have been distributed by Stellar’s ‘Stellar Development Fund’: a Non-profit organisation founded in 2014, with the intention of contributing to “the development and growth of the open-source Stellar network.”
The expectation from Stellar is that this investment will lead to “greater avenues of growth” for the Stellar network as a result of integrating Abra: giving Stellar users access to the companies “global banking infrastructure.”
Stellar is an “open network for storing and moving money”: self-described as not only decentralized; but scalable, and “uniquely sustainable” with features such as a global payments mobile app (iOS and Android) and an integrated decentralized assets exchange.
It claims to “make it possible to create, send and trade digital representations of all forms of money: dollars, pesos, bitcoin, [etc]... on a single network” and currently boasts active partnerships with organisations such as IBM, Wirex, and SatoshiPay.
Furthermore, Stellar posits itself as “a way out” from the current status quo of the finance economy: letting “people [to] participate in a worldwide, stable, financial network regardless of where they live”.
The native cryptocurrency of the Stellar network is called Stellar Lumens (XLM), and it is a utility token used for purposes such as acting as an intermediary currency in cross-currency transactions (across crypto as well as fiat).
"This investment marks the beginning of our partnership to work together towards creating equitable access to financial services that also create new, innovative business opportunities for the Stellar network." - Denelle Dixon (CEO and Executive Director of the Stellar Development Foundation)
According to its website, the Stellar Development Fund is dedicated towards helping to support development of the Stellar network. Areas specified for investment by Stellar include: Ecosystem (business, community, partnerships, products); Platform (Horizon, SDKs), Infrastructure (Stellar core).
Stellar Development Foundation (SDF) is a non-profit organisation which was founded in 2014 to support the development and growth of the open-source Stellar network. It is accountable for codebase maintenance, in addition to the provision of “technical and business communities” support.
Another recent investment the foundation has made was in Elliptic (announced on April 30, 2020), an organisation which specialists in the prevention and detection of financial criminal activity within the cryptocurrency / blockchain space.
The Foundation published an update on April 9, 2020 titled ‘Stellar Development Foundation Q1 in Review’ which hailed the “first major release” of Stellar’s HTTP API server: ‘Horizon’. It also revealed that the SDF had joined the Blockchain Association as well as the Chamber of Digital Commerce; in addition to details of its first investment - which was into ‘DSTOQ’ around early April 2020.
DSTOQ is a Liechtenstein-based Fintech company. A licensed, decentralized stock exchange which offers “zero-fee investing into global stock markets” - and describes itself as end-to-end, borderless “securities trading as a service” solution.
"As we integrate with Stellar, we're going to be able to build the next generation of banking, leveraging the network's ability to use traditional banking infrastructure combined with the innovative opportunities of blockchain technology." - Bill Baryhdt, CEO of Abra
Abra is a ‘global investment app’ which advertises itself as a service which helps to make “cryptocurrency more accessible for everyone” - through its all-in-one cryptocurrency wallet and exchange app.
Having launched back in 2014, Abra is based in California, USA and “supports Bitcoin as well as “over 50 fiat currencies”... and over 100 different cryptocurrencies”.
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Crypto Assets Threaten Financial Stability, Says ECB
4 hours ago | Crypto news
Popular Crypto Wallet MetaMask to Integrate Coinbase Pay As Part of Web 3 Push
5 hours ago | Coingape
Its pay out time for DeFi insurance
5 hours ago | CryptoSlate
Derivative Markets Indicate the High Risks of “Crypto Winter” for the Next 3-6 Months
5 hours ago | Crypto news
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
FTXUS
Introduction to the FTXUS Trading Platform FTXUS is a type of cryptocurrency derivatives exchange...
Gate IO
With Cryptocurrencies becoming a big thing in the financial world and more coming up daily, Gate.io ...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
Stellar Foundation Invests $5 million Into Abra's Non-Custodial Wallet
Stellar has officially announced an investment to the tune of $5million into Abra, an all-in-one...
Top 20 Frequently Asked Questions About the VeChain Token
This article discusses the top 20 FAQs regarding the Vechain Token while giving an overview of...
The Ledger Nano S - Ultimate Security
In recent years, Crypto-currencies have become a popular product. Bitcoin in particular, makes...
Is Trading Cryptos Gambling?
Most people understand the basics of cryptocurrency but not all its elements. Already, there are...
How to Diversify Your Crypto Investments
The cryptocurrency market is infamously volatile. This is both negative and positive. On one...
Are we going towards a definitive ban on cryptocurrency trading in India?
Following the decision of the Reserve Bank of India (RBI) to ban cryptographic banking services,...
Is Algorand a good investment?
Algorand is one of the newly listed altcoins that shows a lot of potential in the crypto market....
What are the top 10 Altcoins?
Contrary to popular belief, bitcoin is not the only cryptocurrency. New cryptos have been...
VeChain and Mastercard Back Australia-China Supply Chain
VeChain and Mastercard show support for the Asia Pacific Provenance project. The council has...
Overview of the Price of Dogecoin - All You Need to Know About it!
Dogecoin (DOGE) is, according to its official website, a decentralised and "open-source...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS (0)