LIVE with Meinhard Benn, Founder of Satoshi Pay and DTransfer: EURB first official B2B user

Stellar Global Radio with Sam: Exploring the Stellar Blockchain and Beyond

English - April 23, 2021 18:12 - 19 minutes - 17.9 MB - ★★★★★ - 1 rating
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Previous Episode: Live on Italy's Crypto Talk with Eugenio Benetazzo

Next Episode: Live with Christian Peters, CTO and Co-Founder of Dstoq

Meinhard Benn, Founder of Satoshi Pay, swings by the studio to share the breaking news of their sister DTransfer company partnering with German's oldest bank, Bankhaus von der Heydt, to become the first user of its recently revealed euro-backed stablecoin (EURB) built on Stellar.

While on the show, Menhard talks about his plans with both Satoshi Pay and Dtransfer, why Stellar and what the future outlook is.

Watch the Original Show

"SatoshiPay’s recently introduced service DTransfer is a system to execute instant cross-border payments. Instead of the traditional banking system, it utilizes Stellar, a decentralized network for storing and moving money. The Stellar network maintains a list of accounts, their balances and a history of their transactions. It supports an unlimited number of different tokens that accounts can hold and exchange. There are many different types of tokens; for the purposes of this blog post we want to focus on one-to-one fiat-backed tokens (for short fiat tokens, also known as stablecoins) that are issued by regulated financial institutions that maintain reserves of fiat currencies equivalent to the value of the issued tokens. Such financial institutions are called anchors [1]. Anchors usually also allow to swap fiat currencies outside of Stellar for their fiat tokens and vice versa."- for more information https://satoshipay.io

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