NFTs can now be earned on Stellar network by completing tough objectives
Stellar (XLM) users can now earn NFTs by solving challenging quests through the gamified educational experience, Stellar Quest Learn. This comes amid growing awareness of cryptocurrency and the increased need for crypto education.
The Stellar Development Foundation (SDF) and Wirex, a top U.K.-based crypto payments platform, recently issued a poll that found high awareness and expanding use of cryptocurrencies for cross-border payments in four key markets: the United States, the United Kingdom, Mexico and Singapore.
Frustration with the current system is driving the shift to crypto as a payment method, with 53% of respondents believing they have spent too much on fees for remittances abroad using traditional methods and 37% not knowing what they paid in fees.
Moreover, the survey results, which were assembled from almost 10,000 customers, removed several fallacies about cryptocurrency awareness and usage, revealing that cryptocurrency awareness is higher than ever—over 80%—in all areas surveyed.
According to Denelle Dixon, CEO and Executive Director of SDF, “The results confirm what we have seen in terms of growing real-world use cases for blockchain and cryptocurrency in emerging markets on the Stellar network. Consumers are embracing these new ways to send money -border as a faster and cheaper alternative to traditional bank rails.”
Stellar, on the other hand, is establishing itself as an interoperability layer for a wide range of financial institutions, with an increasing number of Stellar anchors connecting fiat currencies to Stellar-issued stablecoins.
Recently, Starbridge, a trust-minimized Stellar-Ethereum connection, was launched. For starters, Starbridge will work with Ethereum, where a considerable amount of DeFi is currently being developed. Local assets will be locked into an account or contract when deposited into the bridge.
XLM, the native crypto asset of Stellar network trades at $0.1913 and is ranked 31st largest cryptocurrency, per CoinMarketCap.
