SatoshiPay Receives R&D Grant from Stellar for Pendulum Blockchain

Connecting Stellar to Decentralized Finance Ecosystem

Stellar is an open-source network for currencies and payments, which makes it possible to easily create, send and trade digital representations of all forms of crypto and fiat currencies. Launched in 2015, the Stellar network now processes over 6 million operations daily and is widely used in the payments space and for asset tokenization. On the Stellar network, businesses and developers benefit from near-instant settlement within 5 seconds and transaction fees that are fractions of a cent.

Stellar Development Foundation Grant for Pendulum

In order to bring more complex features to the Stellar network without sacrificing the network’s efficiency, SatoshiPay proposes Pendulum, a suite of open, decentralized protocols on which smart contracts can be developed and executed. The Pendulum chain acts as a second layer on top of Stellar, with additional bridges to two of the most popular smart contract platforms, Ethereum and Polkadot.

Unlimited Opportunities for Stellar Users

The combination of the existing Stellar ecosystem around compliant payments, remittance and asset tokenization with new smart contract capabilities opens a multitude of new opportunities.

Pendulum Layer Model

Pendulum and DTransfer

Our B2B cross-border money transfer DTransfer relies heavily on efficient foreign currency exchange, as source currency will be transparently exchanged to destination currency during the transfer process. While this is technically possible via Stellar’s built-in decentralized exchange order book protocol SDEX, it requires active involvement of currency traders for each transfer as market makers, which can cause friction such as delays and outdated exchange rates.

Stay tuned!

We’ve just finalized the Pendulum litepaper, a node prototype went into testing and we have other important news coming up shortly. Follow Pendulum’s social media channels to be up-to-date on all latest developments:

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Connecting the world through instant payments

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