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Novatti group partners with Stellar Lumens [XLM] on cross-border remittance

Ketaki Dixit



Novatti group partners with Stellar [XLM] on cross-border remittance
Source: Pixabay

Novatti group, a global software technology, and systems integration provider has collaborated with Stellar Network for the integration of blockchain payments on its payment platform. This will not only make cross-border payments easier but also increase both, Novatti and Stellar’s users.

Stellar Network is an open-source blockchain network which allows financial institutions and diverse payments to be interoperable, making payments cheaper, more efficient, and faster.

The partnership will open a wide range of opportunities for them in the blockchain space. As Stellar’s partners will now be able to access Novatti’s payments technology, it increases the potential for high-growth revenue streams in the payments and billing space driven by the growing transaction processing on the Stellar network.

However, the transactions across the network are expected to start in May 2018. For managing the pay-outs of settlements for remittance transactions, Novatti will earn fees on a transaction basis.

Peter Cook, the Chief executive officer of the Novatti Group says:

“Completing the integration of Novatti’s Payments Platform into Stellar’s network lays the foundations to build future high-growth revenue streams driven by transactions across the blockchain network”

He further adds:

“We are focused on leveraging our strong relationship with Stellar to securing additional agreements with its partner network to drive high growth revenue streams in the payments and billing space, driven by growing transactions processing.”

Ella Qiang, director of partnerships at Stellar, Tweeted:

“Congrats to our anchor partner Novatti Payments on completion of Stellar integration! Look forward to seeing transaction commencement in the coming month.”

Michael Zollo, a stockbroker, and corporate advisor said:

“Novatti completes integration with Stellar Blockchain Network, with transactions to commence in May. Amazing effort to integrate so quickly and yet another example of where Novatti’s payments platform can be plugged into a revenue-generating channel.”

A Reddit user said:

“Super underrated. These guys are huge wholesalers in the remittance space but most crypto traders aren’t really familiar with the players.”

John Sebastian, a Twitter user said:

“Great news, I know stellar has a lot of fuel. It grows gradually and suddenly it is at the top. Right now, it shows a gradual increase in price and is up by almost 6%.”

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Ketaki Dixit is a Journalism major from Jain University. She has about 1-year experience in the field and is passionate about blockchain technology and the cryptocurrency world.

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EOS, Tron [TRX] and Ethereum [ETH] are top three cryptocurrencies, says China’s CCID Group

Akash Anand



EOS, Tron [TRX] and Ethereum [ETH] adjudged top three cryptocurrencies by China's CCID Group
Source: Pixabay

Analysis of the cryptocurrency market by various global entities has been a standard procedure for a lot of organizations to keep track of the updates and developments in the field. One such major analyst is China’s CCID Group, which works under the Xi Jinping-led country’s Ministry of Industry & IT [MIIT].

In the latest edition of CCID’s Global Public Blockchain Technology Assessment Index, it was stated that EOS retained its title as the best cryptocurrency according to three factors assigned by CCID. The three factors were basic technology, applicability, and creativity, criteria that are aimed at assessing the most effective digital assets in the market right now.

In terms of basic technology, EOS scored a whopping 103.7, making it the only cryptocurrency to breach the 100-mark. It received a score of 20.2 and 24.7 when it came to applicability and creativity, respectively. The surprising result of this assessment was that Bitcoin [BTC], the largest cryptocurrency on the charts, did not even feature in the top-10 of the CCID rankings.

According to the analysis, Tron came in second with a Basic tech score of 95.6 and an applicability score of 24.3. Tron CEO Justin Sun had stated multiple times that EOS and Ethereum were Tron’s biggest competitors, but it turns out that it had the lowest creativity score among the three, clocking 24.1 to Ethereum’s 31.0.

The third-ranked cryptocurrency was Ethereum [ETH], sticking to the trend as all the three cryptocurrencies were focusing on DApps. Despite being third in the rankings, Ethereum had the lowest basic tech score, with its 76.6 being lower than that of relatively smaller coins like Steem and Ontology.

There seem to be some connection with DApps and the CCID rankings as these applications slowly entered the main fore in the cryptocurrency environment. Sources informed that Tron DApps had recently surpassed that of Ethereum and EOS in terms of weekly active and new users.

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