Blockchain-powered digital wallet Celsius has entered into a strategic partnership with Stellar Networks' app and infrastructure developer Lightyear.io to enhance the global system for trading security tokens and tokenized assets.
Celsius Network CEO Alex Mashinsky said, "Stellar Development Foundation's goals and our own are perfectly aligned. We're both looking to bring in a new era of blockchain banking to both the developed and developing world and we're excited to empower the next wave of crypto startups."
Visit Innovation Enterprise's Big Data Innovation Summit in Boston on September 11–12, 2018
The partnership hopes to eliminate the use of costly bank and gray market loan services by offering a lending and borrowing partner service for ICOs using Stellar's blockchain technology, and will aim to provide users access to borrow money against their crypto holdings.
Additionally, Celsius hopes to integrate Stellar Lumens, Stellar's cryptocurrency, as well as other Stellar-based tokens within Celsius' wallet, accessible via apps, with plans to potentially offer users to gain interest on the tokens.
According to Forbes, Celsius "is one to keep an eye on. This FinTech startup is primed to disrupt traditional banking".
We’d love to hear what topics you’d like included at Innovation Enterprise's Blockchain Summit 2019 – click here to help shape our agenda