- Nium has announced that it has commenced work with the Stellar Development Foundation, to allow users to make payments in 190 countries across the world.
- It is expected that benefits relating to efficiency and speed will arrive as a result of the new partnership.
- “It showcases both Nium’s global reach and real-time payment capabilities to a thriving network of business leaders and innovators,” said a senior figure at Nium.
Nium, a firm in the cross-border payments sector, has announced the arrival of a new partnership to boost payments.
The company said that it had commenced work with the Stellar Development Foundation, meaning that companies using the latter system will be able to tap into the potential that Nium offers for better payments.
Payments made through the new partnership will be possible in 190 nations across the globe.
It is expected that the pairing will permit payments to take place across borders using more efficient and speedy infrastructures.
In a statement, a senior figure at Nium pointed out that the firm was able to make cross-border payments on a large scale – and that the level of speed involved in this was also beneficial.
“The scale at which Nium is able to offer cross-border payouts around the world is further enhanced by the speed with which we are able to deliver payments for businesses,” said Joaquín Ayuso, who serves as the firm’s head of crypto.
“Our approach to the modern money movement on Stellar innovates on legacy approaches well past their prime.
“It showcases both Nium’s global reach and real-time payment capabilities to a thriving network of business leaders and innovators.”
For the Stellar Development Foundation, meanwhile, the company’s chief executive officer and executive director said that the integration would improve value offers.
“This integration truly drives home the value that blockchain-powered cross-border payment solutions bring to the current financial system,” explained Denelle Dixon.
“At SDF, we are always working to fill up the map and connect the network to more of the globe. Together with Nium, we are thrilled to expand the reach of the Stellar network so significantly.”
It has been a positive period for Nium recently, with the firm announcing earlier this year that it was boosting its service offering in a major Asian country.
The firm said that it had given the green light to go ahead with a presence in Malaysia.
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