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Novatti Group Collaborates With Stellar (XLM) On Cross-Border Remittance

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Award-winning global financial software technology and systems integration provider, Novatti Group, has partnered Stellar Network on the integration of blockchain payments on its proprietary payments platform. The move will facilitate cross-border payment and open Novatti Group to opportunities within the blockchain industry.

Being a blockchain technology, the Stellar network is an open-source, distributed and community protocol that enables the connection of banks, payments systems, and people together in a reliable, fast and low-cost manner. It has the potential to manage fiat-based currencies and between cryptocurrencies.

Novatti and Stellar are going to be benefiting from the collaboration, it will increase their users and open them to myriads of opportunities.

According to a statement by Peter Cook, the Chief executive officer of Novatti Group, “Completing the integration of Novatti’s Payments Platform into Stellar’s network lays the foundations to build future high-growth revenue streams driven by transactions across the blockchain network.”

“We are focused on leveraging our strong relationship with Stellar to securing additional agreements with its partner network to drive high growth revenue streams in the payments and billing space, driven by growing transactions processing.”

Confirming the collaboration in a tweet, Ella Qiang, who leads Stellar’s strategic partnerships in China said: “Congrats to our anchor partner @NovattiPayments on completion of Stellar integration! Look forward to seeing transaction commencement in the coming month. #Stellar #futureofpayments.”

Stellar is growing. The platform keeps on announcing partnerships with financial service providers in the nooks and crannies of the world. In March, Stellar announced a partnership with Keybase, the producer of free security app for mobile phones and computers.

Speaking on the move, the Stellar team stated that they are “most interested in their (Keybase) ground-breaking effort to link strong cryptography to real-world identity.”

“We see a future where, say, I can send my friend 100XLM, and, via Keybase, I can send it to her by knowing only her Twitter or Reddit handle. I won’t need some long string of digits as a key, just a human-readable username that I already know. In short, I can interact with her financially in the same way I interact with her socially. The end product would be like a global, decentralized Venmo, where you can send around every asset under the sun, not just your local currency—that’s where money is heading, and we want to get Stellar started along the path.”

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