Advertisement
AD

Main navigation

Advertisement

Stellar Users Can Now Earn NFTs by Solving Difficult Quests on Network: Details

Advertisement
Tue, 12/04/2022 - 15:48
Stellar Users Can Now Earn NFTs by Solving Difficult Quests on Network: Details
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Stellar (XLM) users can now earn NFTs by solving difficult quests through the gamified educational experience, Stellar Quest Learn. This comes amid growing awareness of cryptocurrency and the increased need for crypto education.

Advertisement

The Stellar Development Foundation (SDF) and Wirex, a top U.K.-based crypto payments platform, recently issued a poll that found high awareness and expanding use of cryptocurrencies for cross-border payments in four key markets: the United States, the United Kingdom, Mexico and Singapore.

Frustration with the present system is driving the change to crypto as a payment method, with 53% of those surveyed believing they spent too much in fees for overseas remittances using traditional methods and 37% not knowing what they paid in fees.

Advertisement

Moreover, the survey results, which were assembled from almost 10,000 customers, removed several fallacies about cryptocurrency awareness and usage, revealing that cryptocurrency awareness is higher than ever—over 80%—in all areas surveyed.

According to Denelle Dixon, SDF CEO and executive director, "The results confirm what we have seen in terms of growing real-world use cases for blockchain and cryptocurrency in emerging markets on the Stellar network. Consumers are adopting these new ways of sending money cross-border as a faster, cheaper alternative to traditional banking rails."

Stellar, on the other hand, is establishing itself as an interoperability layer for a wide range of financial institutions, with an increasing number of Stellar anchors connecting fiat currencies to Stellar-issued stablecoins.

Recently, Starbridge, a trust-minimized Stellar-Ethereum connection, was released. To begin, Starbridge will work with Ethereum, where a considerable amount of DeFi is currently being developed. Local assets will be locked up in an account or contract when they are deposited into the bridge.

XLM, the native crypto asset of Stellar network trades at $0.1913 and is ranked 31st largest cryptocurrency, per CoinMarketCap.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD