StellarX launched a decentralized exchange with fiat support

StellarX launched a decentralized exchange with fiat support
StellarX launched a decentralized exchange with fiat support

The StellarX marketplace, which sells assets on the Stellar blockchain, announced the launch of a decentralized platform with zero commissions and support for fiat currencies.

The functionality of the exchange differs a bit from the existing exchanges on the Ethereum blockchain, but unlike the same IDEX and EtherDelta, where it is still necessary to pay for gas, the exchange does not charge commissions from users, thanks to its unique consensus mechanism.

In addition, StellarX supports fiat currencies. While transactions inside the platform are performed from bank accounts in the US through the ACH network, support for the euro, the British pound, the Chinese yuan, the Philippine peso, the Nigerian Naira, and the Hong Kong dollar is also planned in the future. Also, StellarX plans to add support for tokens that are released on other blockchains.

Recall that in late August, ADAB Solutions from the United Arab Emirates launched the first crypto exchange, compatible with the Sharia – a set of rules based on the Koran. The trading platform was named – First Islamic Crypto Exchange or FICE.