Money movement platform Nium is working alongside the Stellar Development Foundation (SDF) to offer payouts for 190 countries, a press release said.
SDF supports the open-source blockchain Stellar, which is built for “fast and efficient” payments, the press release noted, which improves cross-border payouts while cutting risk.
Now, businesses will be able to facilitate fiat payouts to those countries.
The release said the API connection from Nium will conform Stellar to interoperability standards, which will let it give clients on the Stellar network a suite of payment services that can scale as their global money movement needs change.
Nium also offers real-time payments, as businesses aren’t required to build their own payment infrastructure — instead, they can build a brand on top of an existing platform and use Nium for various official regulatory needs.
“The scale at which Nium is able to offer cross-border payouts around the world is further enhanced by the speed with which we...
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