OnThursday, October 29, 2000 for the next Enterprise Ecosystem Roundtable, they are set to tackle the age-old question of custodial versus non-custodial wallets. It just looks like things are beginning to heat up.
Stellar Lumens (XLM) are set to laying the foundation for open money on the blockchain.
They have covered several topics in the discussion like Justin’s Story, Stellar and Stellar Foundation, Cross-Border Payments Today, Working with Regulators, Where do you expect the most growth in stable coins? USD Colonization, Stellar Foundation and Governance, Stellar vs. Ripple, Using the Stellar Network , Examples of Funded Initiatives, DeFi on Stellar?, Stellar Roadmap, Ethereum in 2021, Will savings on transactions be passed to end users? Pressure to stay relevant? What is Bitcoin’s Narrative now? What next for DeFi and more of Book Recommendations.
In keeping up with the current updates, Sydney Ifergan, the crypto expert tweeted: “Stellar Lumens is exploring the current shortcomings of cross-border payments and the new technological developments to provide for existing innovative solutions.”
There are a lot of shortcomings of cross-border payments and new technological developments getting short listed. This is indeed an opportunity for the private sector to provide innovative solutions.
Developers and strategists are working out innovative solutions to further benefit from them. The current developments in the industry are trying to keep up with what the private entrepreneurs are expecting from policymakers and regulators.
A lot of innovation is getting encouraged at the same time ensuring a level playing field, further ensuring the interoperability of solutions.
Stellar Lumens (XLM) Modernizing Compliance
Rapid improvements in technology is making it compulsive and necessary for policymakers to innovate, and to work with entrepreneurs. They are exploring the role of public sector versus the private sector in providing new payment solutions to further improve cross-border payments.
To the question of whether public sector will be able to keep up with innovation it needs to be explored as to the kind of evolution or a revolution.
Several components of financial inclusion are also getting explored to provide for a more equitable future for finance? Of note, the components in financial inclusion are about modernizing compliance, lowering costs, and improving efficiency.
Stellar Network are providing all the help to help improve the onboarding experience for non-blockchain developers and hobbyists. A lot of discussion is happening in terms of achieving network effects. Together they are doing a lot of stuff to keep the community well-sustained with innovation.
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