​Stax Gets Additional Backing From Stellar Development Foundat | Crypto Sale

​Stax Gets Additional Backing From Stellar Development Foundation’s Fund

The Stellar Development Foundation's (SDF) Matching Fund has given Stax $500,000 to help it develop an affordable, global mobile wallet on the Stellar blockchain. Stax is a universal money app created by Hover Developer Services, Inc. It allows users across Africa to access their bank accounts and mobile wallets in one place without using mobile data.

Increased Consumer Access By Stax
By using automatic USSD codes, by leveraging USSD codes, Stax increases its consumers' access to digital financial services while enabling them to avoid the hefty fees associated with using mobile data. Given the difficulties associated with borderless payments, Stax wants to increase the usability of USD Coin (USDC), a fully-reserved dollar digital currency on Stellar.

For users who want a safe place to store their money, access international investment opportunities, and engage in borderless commerce. Through USDC on Stellar, Stax is making it easier to transfer money between countries in Africa and worldwide.