STK Joins MakerDAO to Offer Users Instant Cryptocurrency Transactions with the Dai Stablecoin
A recent announcement has been made on behalf of STK Global Payments, which addresses its new partnership with MakerDAO. The two have joined forces to implement the Dai Stablecoin into the STK platform, which is believed to present users with the first-ever crypto payments platform with access to a Stablecoin. The goal of the partnership is to allow users to transact with Dai tokens through a wallet called STACK.
While cryptocurrencies have gained immeasurable attention over the last few years, a common concern that many continue to face is the fluctuation it experiences. This leads to the desire of wanting something that is more stable, as opposed to the drastic fall and rises like that of alt coins, BTC and ETH.
Fortunately, stablecoins are believed to bring hope to users, as they have been designed to maintain a stable value. Like any crypto, stablecoins are also decentralized, and globally accessible, however, an advantage they have over others is that there is less risk associated.
Maker is supposedly a decentralized, autonomous organization based on the Ethereum blockchain. It is responsible for the creation of the Dai token, which is another stable currency that fluctuates based on the effects on the US dollar.
According to the claims made, STK can now present users with more options. More specifically, users will be able to transact with Dai tokens for everyday transactions at point-of-sale locations either in-store or online via the STACK wallet.
STACK is a finance platform that has been created with the goal of allowing each and every individual to use their money freely. What makes STACK attractive is their ability to promote the use of crypto right from one’s smartphone. Their ease-of-use, instant payments, and simple means of managing money makes this partnership all the more interesting to consider. STACK is currently in a “production pilot” and will be launched later this year.
CEO of MakerDAO, Rune Christensen has expressed increased excitement in working with STK and believes that this partnership will benefit users immensely. Christensen also believes that,
“by leveraging Dai and bringing crypto to modern interfaces, starting with smartphones, users will be able to transact with their cryptocurrencies at point-of-sale, enabling everyday transactions and financial services.”
In response to what the CEO of MakerDAO has to say, Miro Pavletic, CEO and Co-Founder of STACK strongly believes that – because of the stability tied to Dai tokens – users can confidently and easily use crypto like they would with traditional payment methods.