Zilliqa (ZIL) Blockchain to Be Used for Xfers’ Pilot Stablecoin Project
According to a November 7, 2019, report by Tech in Asia, Singapore-based fintech firm Xfers – in tandem with blockchain platform Zilliqa – is set to launch a pilot stablecoin initiative dubbed StraitsX. Smart-contract platform Zilliqa is primed to host a stablecoin initiative on its blockchain as Xfers, a Singaporean fintech venture that looks to leverage emerging technologies to streamline the digital payments industry, announced plans to launch its own Singapore dollar-pegged stablecoin XSGD.
In order to launch a stablecoin pilot, Xfers is considering leveraging Zilliqa’s native scripting language Scilla to enable smart contract functionalities. As for Zilliqa, the blockchain initiative integrated “Scilla-powered” smart contracts into its MainNet in June this year.
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