Stellar and AEON collaborate to introduce XLM and USDC transactions across Southeast Asia.
Stellar and AEON collaborate to introduce XLM and USDC transactions across Southeast Asia.
Cryptocurrency payment protocol AEON is collaborating with Stellar to expedite the integration of cryptocurrency for transactions in Southeast Asia.
AEON’s strategic alliance with Stellar Stellar xlm -3.62%
Stellar facilitates the acceptance of XLM and Stellar-native USDC as payment methods in retail establishments in the biggest towns in the region.
AEON said in a news release that the alliance will extend the blockchain technology across African and Latin America.
XLM and USDC transactions will be enabled via AEON Pay, a web3-based smartphone application that enables practical purchases at prominent businesses. The program now links over 10,000 brands and twenty million QR-enabled retail establishments across Southeast Asia.
“By incorporating backing for Stellar resources, AEON is enabling both consumers and companies with innovative payment alternatives that are both effective and such as,” the platform said.
The amalgamation of XLM and Stellar-USDC contributes to the increasing acceptance of stablecoins and cryptocurrencies within the payments sector, with regulatory certainty serving an essential purpose.
Users eager to access rapid and near-zero payments, free from the limitations of conventional banking systems, are progressively considering cross-border cryptocurrency solutions.
Stellar’s blockchain, a prominent platform in the sector, provides a payment-optimized protocol appropriate for both microtransactions and substantial transfers by financial institutions. AEON and Stellar assert that their collaboration signifies a significant advancement in web3 commerce.
Support for Stellar was announced shortly after the the company team joined The Open Network, facilitating access to Toncoin or TON-native Tether for millions of Telegram users.
Simultaneously, Stellar has garnered significant momentum within the sector via substantial collaborations with prominent entities in financial technology and traditional banking.
These include Master Card, Stripe as its payment and Paxos. Stripe’s interface facilitated XLM payments, whilst Paxos used Stellar’s network to enhance accessibility to its United States dollar-pegged stable coins.
