Key Highlights:
- Stellar announced it has added two innovative wallets, Beans App and Boss Money, to its off-ramp ecosystem.
- The Beans App wallet will function effectively on convenience and ease of use, meanwhile Boss Money wallet has been designed to provide access across the African continent.
- Stella continues to outperform other crypto projects with the expansion of its off-ramp ecosystem.
Keen on the business of enhancing crypto accessibility for the unbanked and underbanked, Stellar has recently expanded its off-ramp ecosystem with the addition of two innovative cryptocurrency wallets. These wallets are dubbed the Beans App wallet and the Boss Money wallet.
Representing what the Stellar network stands for, the new development opens up new opportunities for cross-border transactions and financial access. Notably, the wallets have been integrated into the Stellar Disbursement Platform (SDP).
Stellar Integrates Beans App Wallet and Boss Money Wallet
Apparently, the addition of Beans App and Boss Money into the Stellar network through SDP, suggests the initiation of a powerful synergy capable of fostering massive adoption of the Stellar off-ramp infrastructure.
The wallets are set to foster greater versatility and financial access across new regions of the world. As such, cross-border payments, supplier invoicing, payroll, contractor payments, and remittances will become more accessible and cost-effective for individuals and organizations alike.
The Beans App has been designed to function as a money transfer app that will enable easy and convenient access to users’ funds. Hence, you can use it to send money through various ways like cash off-ramps or bank transfer. The Beans application features a friendly user interface as it is designed to be simple for everyone, even if you’re not familiar with cryptocurrencies.
It is also important to note that the Beans App features a cost-effective policy as it offers good rates when you convert money while you can make payments with QR codes. Its exclusive and unique features allows people who receive money using the app to save, invest, and send money to friends and family in more than 50 different currencies.
They can also take out money in 185 countries using Moneygram or in 130 countries through bank partnerships. Businesses that want to send money to their workers, people in need, or suppliers globally without paying high fees or dealing with complicated technical stuff can use the Beans app for almost any kind of payment.
While the wallets have been designed separately to achieve a common goal, they both take a diverse approach towards the mutual assignment.
As such, Boss Money on the other hand, takes a unique approach by focusing on accessibility for users across the African continent. In addition to supporting over 10 African countries, this self-custodial wallet simplifies financial management.
Nonetheless, with a focus on financial access across Africa, Boss Money allows users to perform a wide range of financial activities, including currency conversion, bill payments, and sending funds globally. It features a USSD interface. This feature ensures that even non-smartphone users without internet access can participate in the digital financial ecosystem and it is accessible via a short code.
Stellar Tops List of Crypto Off-Ramp Projects, XLM Sees Slight Dip
Over the years, Stellar has remained committed to providing crypto users with exclusive, quick, affordable, and seamless crypto off-ramp services. The platform has been seen initiating cutting edge solutions which have seen it take the lead among crypto off-ramp projects within the crypto space.
While Stellar has made crypto off-ramps a core aspect of its business development, the project has become the preferred choice most institutions are willing to partner with. Stellar has collaborated with IBM and Stripe, among many others.
Although the massive adoption of Stellar’s off-ramp services have caused its token to perform decently, the price of Stellar has however seen a -4.56% downturn in the last 24 hours. As such, XLM is trading at $ 0.105791, as of the time of writing.
