Integrating Stellar-Powered Cross-Border Payments

Technical Architecture, the integration will focus on the following aspects:

1. Stellar SDK Integration: verseGate Wallet will integrate the Stellar SDK (JavaScript or Go SDK, depending on compatibility with the wallet’s current stack) to connect directly to the Stellar network.

2. Stablecoin Support:

   • verseGate will add support for Stellar-based stablecoins, such as USDC, enabling users to store, transfer, and utilize stable assets within the wallet.

   • Transactions involving Stellar-based assets will leverage the Stellar Anchors for fiat on/off-ramp services.

3. Cross-Border Payments:

   • Utilize Stellar’s path payment and asset conversion features to facilitate low-cost cross-border transfers in both fiat-backed and crypto-backed formats.

   • Transactions will involve Stellar's decentralized exchange (SDEX) to ensure optimal conversion rates.

4. Remittance Service Flow:

   • Incorporate Stellar’s payment channels for instant transaction finality.

   • Enable multi-currency transactions by utilizing Stellar’s native currency (Lumens - XLM) as a bridge asset.

5. User Interface Updates:

   • Extend the verseGate wallet UI to support Stellar assets and transactions.

   • Add a “Remittance” section for users to send and receive funds globally with transparent fee calculation.