Blockchain

SIMBA payment app launches on Stellar network

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.

“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.

For more news, guides and cryptocurrency analysis, click here.

Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.

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