SIMBA has released a payment app designed for use on the Stellar Network with focus on a quick and secure way of creating wallets for blockchain operations.
SIMBA Chain enables utilisation and integration of blockchain technology to reinforce trust, security and risk management for enterprise and governments, while SIMBA Pay is an open -source project designed for developers who want to integrate blockchain-based payment systems.
The Payments app offers built-in support for third-party technologies and services including popular exchange Coinbase and cold wallet solutions.
Want to create a dollar or Bitcoin Venmo built on @StellarOrg ?
1. Copy/paste
2. Determine the assets you want to show
3. Add deposit methodshttps://t.co/ipW3mICa4g @SimbaChain— Bgold_gmi (@bgold_gmi) August 7, 2020
“We believe our technology stack provides a unique advantage for developers,” said Joel Neidig, CEO of SIMBA Chain. “SIMBA’s world-class developer tools have already made cloud-based dapps easier to create than ever and provide transparency and verification for complex digital workflows. It’s never been easier to jump into this exciting space, no matter where you are in your developer journey.”
Boris Reznikov, who is the Director of Business Development at the Stellar Development Foundation, hailed SIMBA Chain’s new project as being something that will “foster greater adoption of Stellar” while boasting of lower fees compared to traditional payment solutions.
SIMBA is already trusted by the U.S. military, and its operation on top of Stellar indicates further growth into a booming blockchain industry.
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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.