How secure is the crypto currency transaction
STK partners with MakerDAO to offer instant cryptocurrency transactions through Dai Stablecoin
Gibraltar, March 28 / PRNewswire / - STK Global Payments today announced a new partnership with Maker (https://makerdao.com/) to add Dai Stablecoin (https://vimeo.com/247715133) to STK's platform (https://stktoken.com /) and thus provide the first platform for payments with cryptocurrency with easier stablecoin access. STK enables users to process transactions with Dai tokens at more than 37 million merchants worldwide via the STACK (http://www.getstack.ca/) wallet.
As cryptocurrencies continue to assert themselves around the world as a viable alternative to traditional monetary systems, the demand for stability is becoming a key task in supporting mass adoption. Stablecoins, designed to address the volatility in the cryptocurrency market, are designed to maintain stable value regardless of the fluctuations in altcoins, BTC, or ETH. This makes them a more viable option for consumers looking for a secure store of value or a medium of ongoing exchange. They combine the same advantages as cryptocurrency decentralization and global access, but without the risk associated with other altcoins.
Maker, a decentralized, independent organization of the Ethereum blockchain, has developed the Dai token - a stable currency that is said to be backed 1: 1 with the US dollar. STK offers consumers the opportunity to use Dai tokens to carry out everyday transactions at the point of sale, both in shops and online using the STACK wallet. STACK is the intelligent way to manage your money free of charge and easily via your smartphone; it is currently still in trial production and planned for a market launch at the end of the year.
"We are delighted to be working with STK as this latest launch marks a critical step towards better user experience and adoption by the general public," said Rune Christensen, Maker CEO. "By making Dai a breakthrough and adapting cryptocurrencies to modern interfaces, starting with the smartphone, users at the point of sale can make transactions in their currencies, and everyday transactions and financial services are made possible. We are proud to be part of this modern financial revolution together to work."
"STK was founded to provide seamless solutions for instant PoS cryptocurrency payments," noted Miro Pavletic, CEO and co-founder of STACK. "By adding the stability of the Dai token, members are able to use the cryptocurrency just as easily and securely as their debit card or cash."
About STK Global Payments
STK Global Payments is the technical solution for PoS cryptocurrency payments in real time as well as the issuer of the STK tokens. The STK token was developed to enable retailers to use cryptocurrency instantly for seamless integration into everyday transactions and financial services. The STK token will be integrated into the public Ethereum blockchain as an ERC20 token. STK is part of a global solution to promote cross-border transactions through an intelligent contract that enables cryptocurrencies to be exchanged in real time at the PoS.
Further information on the STK token is available here:
For media inquiries, contact: Amanda Ashford, [email protected], 1- (416) -556-2634
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