Integrating Stellar-Powered Cross-Border Payments
Technical Architecture, the integration will focus on the following aspects:
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.
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.
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.
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.
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.
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