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Stellar Blockchain Opens Remittance Corridor Worth $17B

Published 08/11/2021, 10:31 AM
Updated 08/11/2021, 11:01 AM
Stellar Blockchain Opens Remittance Corridor Worth $17B

  • The Stellar blockchain is opening a remittance corridor.
  • The corridor will connect millions between the EU and Thailand.
  • To do so, Velo Labs struck a partnership with TEMPO Payments and Bitazza.

The Stella blockchain opens a remittance corridor. This will connect the 27 European Union (EU) nations with Thailand. Specifically, this took place only due to an alliance struck between 2 firms and Velo Labs.

In detail, the two brands are TEMPO Payments and Bitazza. To specify, it is Velo Labs who is building a global settlement network. To do so, it struck a partnership with the two brands mentioned above.

Thus, Velo Labs is now working with the EU anchor for Stellar network payments — TEMPO Payments, and Bitazza — the Thai crypto trading platform. The latte...

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