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1 November, 2023

Stellar Ecosystem Integrates Banxa for Seamless On and Off- Ramping

Stellar Ecosystem Integrates Banxa for Seamless On and Off- Ramping

Banxa’s latest integration represents a major step in our mission to foster economic innovation. One of the fundamental aspects of blockchain is its ability to bring tangible solutions to real-world problems.The powerful Stellar blockchain network offers the tools to make a difference through products and services that enhance access to the global financial system.

Banxa has integrated the Stellar Anchor Platform to access the network’s “Hosted Deposit & Withdrawal” standard, which enables  wallets and applications in the Stellar ecosystem to leverage Banxa’s wide array of local and global payment options for on and off ramping. Wallets and applications can now leverage Banxa for on and off ramping of USDC, XLM, and fiat currencies on Banxa’s supported payment rails.

We’re excited to pilot this project with LOBSTR and Beans, two of the most popular wallets on the Stellar network that are incredibly seamless and user friendly. In the coming weeks, we’ll bring Banxa’s on ramping capabilities to even more wallets and apps within the ecosystem. 

Want to learn more about incorporating Banxa’s network of payment options into your own platform or project? Reach out to our Growth team here.