Stellar

What is Stellar?

Stellar is a decentralized protocol that enables users to seamlessly transfer money in any pair of currencies, allowing them to send transactions from their Yen balance and have it arrive in Euros, Yen, or even Bitcoin. The protocol supports a wide range of transaction types, including payments to merchants, remittances, and rent splits. Users can hold a balance with a gateway, which is a network participant they trust to accept a deposit in exchange for credit on the network. Stellar also comes with a built-in digital currency, the stellar, which is available for free and serves as a conversion path between other currencies In addition to its financial capabilities, Stellar is also a comprehensive management software solution designed specifically for churches, schools, missions, camps, and non-profit organizations. The cloud-based SaaS platform provides a wide range of features and tools to help these organizations efficiently manage and operate their businesses, streamlining tasks such as financial management, donor tracking, event planning, and more

Highlights

• Cross-currency money transfers: Users can send transactions in one currency and have it arrive in another, including Yen, Euros, and Bitcoin
• Built-in digital currency: Stellar includes a native digital currency, the stellar, which can be used as a conversion path between other currencies
• Diverse transaction types: The protocol supports payments to merchants, remittances, rent splits, and other common transaction scenarios
• Decentralized network: Stellar operates on a decentralized protocol, allowing for secure and transparent money transfers
• Comprehensive management platform: Stellar provides a cloud-based SaaS solution with a wide range of features tailored for churches, schools, missions, camps, and non-profit organizations.