SatoshiPay’s recently introduced service DTransfer is a system to execute instant cross-border payments. Instead of the traditional banking system, it utilizes Stellar, a decentralized network for storing and moving money. The Stellar network maintains a list of accounts, their balances and a history of their transactions. It supports an unlimited number of different tokens that accounts can hold and exchange. There are many different types of tokens; for the purposes of this blog post we want to focus on one-to-one fiat-backed tokens (for short fiat tokens, also known as stablecoins) that are issued by regulated financial institutions that maintain reserves…

SatoshiPay

Connecting the world through instant payments

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