Stellar releases key updates as Saldo.mx plans to issue an asset on Stellar Network

Stellar, currently ranked 11^th in the crypto rankings with a market cap of $1.5 billion, recently revealed the developments undertaken over the past month.

Stellar released a plethora of updates in the month of July, which included the likes of the Horizon 0.19.0, Stellar Core v.11.3.0 and the Stellar Ticker v.1.1.0. The community also managed to successfully reset the Stellar test network which took place on July 31, at 09:00 UTC.

In keeping with the progress on the technical front, Stellar was currently being used by Saldo.mx, a platform facilitating cross-border payments in Latin America. Marco Montes Neri, co-founder of Saldo.mx, recently explained that the company was issuing an asset on the Stellar network that was pegged to the Mexican peso.

He said,

“In order to transform how remittances work, we need these irreversibility and transparency that open ledgers like Stellar offer. Stellar is very optimized for payments. We don’t need smart contracts, complex capabilities, but we need efficiency.”

Personalities associated with Stellar were also active as Denelle Dixon, CEO of the Stellar Development Foundation releases a medium post about blockchain policy.

In her article, Dixon spoke on a collective basis for blockchain and virtual assets and indicated that currently there was a “confusion, misinformation, and concern” regarding using blockchain and crypto for payments. She said,

“We want to help clear up confusion and alleviate concerns through engagement with the ecosystem, policymakers, and regulators alike. For us, success would be a shared understanding about the application of existing rules and a clear idea of where new rules may be necessary.”