Stellar taps new partners for global payments

Blockchain startup Stellar has inked new collaborations with financial institutions to explore the company’s distributed ledger platform for international money transfers. Reports this week said Stellar announced partnerships with companies across Europe, Asia and Africa, including India’s ICICI Bank, which will use Stellar’s infrastructure to move money both within India and across borders. According to reports, ICICI Bank will look to launch a cross-border money solution that doesn’t charge wire fees and is also developing a mobile wallet app for universities using Stellar’s infrastructure. Read more: