The Stellar network is made for payments. It's proven to be reliable, and it operates on a global scale. The platform solves the problem of moving money quickly by using what are called "anchors" that exchange fiat currency into the native digital currency, the Stellar XLM token. This provides an easy way to convert currencies directly via your mobile device or computer.
Transaction fees are usually several percent with existing payment networks like ACH, but only fractions of a penny for transactions on Stellar. Even better—with Stellar, you can send any amount of money, even tiny amounts like 2 cents USD or 1 rupee INR because there are no minimum balance requirements at anchors.
Stellar is more than just a payment network. It's also an open, global financial network that lets you issue, exchange, and transfer money in any pair of currencies. The goal is to support every currency whether it has local support or not.
The Stellar network can seamlessly integrate with other systems—you can use Stellar as your rails on top of which you implement the features your users want most. Popular tokens issued on Stellar include MobileCoin (MLC), StableUSD (USDS), KIN (KIN), Smartlands (SLT) and more.
Stellar aims to be an open ecosystem. Anyone is free to build on top of the platform—as long as they play by the rules—and there are no hidden or unfair rules. Stellar works by using Stellar's currency (called Lumens), but there are also other digital currencies that can be created and used on top of the platform. Issuers can customize their tokens to include additional features such as setting up recurring payments, whitelisting/blacklisting accounts or transactions, co-signers with different weights, and more.
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