Saint Vincent and the Grenadines - August 25, 2022 —
Interest in blockchain platforms has been growing significantly in the last 8 years.
Due to the pandemic and inflation getting out of control businesses around the world are developing new ways to service supply chains, improve transparency, make easier the process of trade and improve payment systems that make our daily financial transactions not an easy task.
The euphoria started with the roll-out of digital assets like stablecoins, which initially were based on older blockchain platforms like Ethereum that faces challenges with almost everything. However, better smart chain solutions have been identified by the general public in players like Tron and Stabila.
Modern blockchain platforms have been developed to help overcome these limitations and provide practical value for other business uses and applications. "We are seeing multiple banks and financial institutions expressing interest in Stabila blockchain for some of their application needs," said Susan Goodman, CTO at MH Chain IT Solutions firm.
Goodman sees growing interest in financial areas where cooperation in data handling and exchange has to be aligned with zero trust policies. Blockchain applications are designed and engineered to cover segments like supply chain tracking, trade finance, identity management, etc... Goodman is also seeing a spike of activity in using blockchain platforms and blockchain technologies for building automated functionalities for banking. The interest in stablecoins and its large scale use have been the center of debate in 2022.
Alex Martinez, partner at Bank Tech Group, an IT company, said: "The developments on Stabila blockchain platform are promoting active awareness of decentralized finance technology, and is driving a lot of new inquiries from banks and financial institutions. Exactly they want to know - how to use Stabila chain-solutions in the banking environment to adapt the traditional banking to on chain bank-grade digital assets."
Introduced in 2021, Stabila is one of the youngest but cleanest and regulated blockchain platforms. It provides the most up-to-date blockchain technology that is compatible with Ethereum blockchain network. Martinez said its key strength is fraud/scam free environment and decentralized bank-grade assets supported by smart contracts. Its key strengths include near instant processing times and most competitive transaction processing costs compared to any other platforms. Besides its role as a matured product in the immature crypto industry, it has its own cryptocurrency called Stabila.
The Stabila platform is seeing widespread adoption by banks and financial institutions who want to build decentralized applications on the Stabila network. There are numerous businesses and cryptocurrency exchanges that entered partnership with Stabila only to have access to the largest stablecoin ecosystem on a blockchain. It supports smart contracts and the Solidity programming environment. It runs on the Stabila Virtual Machine. There are no alternative blockchain networks that can process transactions faster at a lower cost than Stabila, and observers expect Stabila to gain huge traction.
The Stabila blockchain is a POS consensus mechanism, which is very energy-friendly and efficient.
Stabila tops the list of smart contract platforms for bank-grade digital assets. While most people are aware of the non-usability of most digital assets on other blockchains, many are not aware that Stabila is one of the most exciting startups in 2021. It is the world‘s leading smart contract blockchain and platform for bank-grade digital assets and is the top choice for banks and financial institutions.
Why Use Stabila
As the latest blockchain technology, Stabila first went live in November 2021. Since then it has grown by leaps and bounds and now facilitates smart contracts for stablecoins representing each country of the world. In fact, the vast majority of stablecoins now use the SRC-20 standard on the Stabila blockchain.
The beauty of the Stabila smart contract platform is the degree of standardization and support it offers.
On the support side, apart from having the lowest market capitalization of all the smart contract platforms, Stabila is completely dedicated to improving the financial ecosystem through blockchain technologies and custom solutions for banks and financial institutions.
Stabila is Solidity compatible, which not only helps with standardization but also makes deploying contracts easy. However, the process of licensing the smart contracts on its network means there is no space for fraud and scams. Stabila takes seriously deployed assets on its public blockchain and it will not license useless or questionable assets or contracts. The price of deploying a smart contract is STB 10,000 making it really a fraud-free environment.
Best Cryptocurrency Wallet for Stabila Assets
Stabila Native crypto wallet provides its users with a perfect solution for securely managing and storing Stabila blockchain digital assets. The wallet allows stabila users to send, receive, and exchange cryptocurrencies. While Stabila cryptocurrency wallet only provides support for stabila-based assets, their developers are working on a multi-asset solution. The solution will allow stabila users to hold mainstream cryptocurrencies like Ethereum and Bitcoin...
Stabila Native Wallet is the best solution to ensure that the owner of the cryptocurrencies and blockchain assets is the only entity who can access the funds. Having advanced security, the wallet requires elaborate passwords, MFA and IP whitelisting, and many more security measures. Users can easily access stabila native wallet and transact from their smartphones or computers.
Stabila wallet stores digital assets very securely. The wallet can be utilized by anyone including businesses accepting or making payments. It provides a way to interface with Stabila blockchain to store, send, and receive cryptocurrencies, as well as monitor balances.
Contact Info:
Name: Daniel Varzari
Email: Send Email
Organization: Stabila
Address: First Floor First St. Vincent Bank Ltd Building James Street Kingstown
Phone: +14243391581
Website: https://www.stabilascan.org/
Release ID: 89080628
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