{"id":5520,"date":"2018-03-09T01:53:07","date_gmt":"2018-03-09T01:53:07","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=5520"},"modified":"2018-03-09T01:54:44","modified_gmt":"2018-03-09T01:54:44","slug":"stellar-partners-keybase-simplify-financial-interactions","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/stellar-partners-keybase-simplify-financial-interactions\/","title":{"rendered":"Stellar Partners With Keybase To Simplify Financial Interactions"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2843 alignleft\" src=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/01\/stellar.jpg\" alt=\"\" width=\"380\" height=\"250\" \/>Stellar (XLM), which facilitates cross-border transactions between individuals and small enterprises in a cost efficient and quick manner, has <a href=\"https:\/\/www.stellar.org\/blog\/keybase-and-stellar-partnership\/\">announced that it has <\/a><a href=\"https:\/\/keybase.io\/\">partnered with Keybase<\/a> to create a system that will enable sending payments only using the end users\u2019 Twitter or Reddit handle and without a need for a long string of digits.<\/p>\n<p>To put it in simpler terms, <a href=\"https:\/\/www.legitgambling.com\/cryptocurrency\/stellar\">Stellar aims <\/a>to create an ecosystem where financial interactions will be similar to social interactions. The project will come under Stellar Development Foundation\u2019s (SDF) partnership grant program.<\/p>\n<p>Stellar hopes to create a global, decentralized product like Venmo, <strong>\u201cwhere you can send around every asset under the sun, not just your local currency\u2014that\u2019s where money is heading, and we want to get Stellar started along the path.\u201d<\/strong><\/p>\n<p>Stellar stated that its financial contribution to Keybase will be a mix of the US dollar and XLM. To avoid over-hype, Stellar prefers to disclose details regarding other products as they\u2019re completed or nearing completion. According to Stellar, Keybase is well equipped to create Stellar ecosystem components.<\/p>\n<p><center><\/p>\n<blockquote class=\"twitter-tweet\" data-cards=\"hidden\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Stellar has announced a special instance of SDF\u2019s partnership grant program with Keybase.<\/p>\n<p>Keybase has created&#8230; <a href=\"https:\/\/t.co\/VMsWUbrG4z\">https:\/\/t.co\/VMsWUbrG4z<\/a><\/p>\n<p>\u2014 Stellar Lumens (@StellarLumens) <a href=\"https:\/\/twitter.com\/StellarLumens\/status\/971760839601545217?ref_src=twsrc%5Etfw\">March 8, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<\/center><\/p>\n<h2>About Stellar\u2019s partnership grant program<\/h2>\n<p>Stellar is <a href=\"https:\/\/www.stellar.org\/lumens\/stellar-partnership-grant-program\/\">accepting proposals from leading organizations<\/a> that are building on the Stellar network to improve the global financial landscape and promote financial inclusion. Exceptional organizations who develop and operate products and services that are crucially important to the Stellar Network may receive up to $2,000,000 USD worth of lumens per grant (based on price of lumens at the date of grant).<\/p>\n<p>There are two phases to the grant award: the allocation and the award. When an organization is chosen for the program, the grant amount is set aside in lumens in an escrow account. This is the allocation. All grants are subject to the achievement of milestones and multi-year vesting. If and when these milestones and vesting requirements are met, then the allocated amount will be distributed to the organization. This is the award.<\/p>\n<p>To encourage the development of robust activity in the Stellar ecosystem, the Stellar Development Foundation has allocated 25 billion total lumens to this program to incentivize institutions who make an exceptional impact. SDF will monitor this program on an ongoing basis and make adjustments as necessary to ensure this program continues to meet the goals set out by the mandate.<\/p>\n<h2>About Keybase<\/h2>\n<p>Keybase, which <a href=\"https:\/\/keybase.io\/blog\/2015-07-15\/keybase-raises-series-a\">raised $10.80 million in round A<\/a>, is a new and free security app for mobile phones and computers. The Keybase founders were previously founders of SparkNotes and OkCupid. It has about 200,000 users and is growing fast. There is <a href=\"https:\/\/keybase.io\/team\/stellar.public\">an open stellar team<\/a> on Keybase.<\/p>\n<p>Keybase has created a general set of cryptographically secure tools (chat, file storage, git). According to Keybase, the app. Is for anyone. While introducing the app, Keybase states <strong>\u201cImagine a Slack for the whole world, except end-to-end encrypted across all your devices. Or a Team Dropbox where the server can&#8217;t leak your files or be hacked.\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stellar (XLM), which facilitates cross-border transactions between individuals and small enterprises in a cost efficient and quick manner, has announced that it has partnered with Keybase to create a system that will enable sending payments only using the end users\u2019 Twitter or Reddit handle and without a need for a long string of digits. To [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-5520","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stellar Partners With Keybase To Simplify Financial Interactions<\/title>\n<meta name=\"description\" content=\"Stellar (XLM) has announced that it has partnered with Keybase to create a system that will enable sending payments only using the end users\u2019 Twitter or Reddit handle and without a need for a long string of digits. The project will come under Stellar Development Foundation\u2019s (SDF) partnership grant program.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legitgambling.com\/news\/stellar-partners-keybase-simplify-financial-interactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stellar Partners With Keybase To Simplify Financial Interactions\" \/>\n<meta property=\"og:description\" content=\"Stellar (XLM) has announced that it has partnered with Keybase to create a system that will enable sending payments only using the end users\u2019 Twitter or Reddit handle and without a need for a long string of digits. 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