The DSTOQ exchange has just announced the launch in more than 100 countries after getting the help of $715,000 by Stellar Lumens as we are reading more in our Stellar Lumens news.
DSTOQ facilitates stock investments for all those users who utilize cryptocurrencies. According to official statements, the DSTOQ exchange was launched in more than 100 countries and with the financial help of the Stellar Development Foundation with a $715,000 investment in XLM which the exchange brings real assets into the crypto space. It facilitates investment for traditional market assets for crypto users that are mostly focused on users on the emerging crypto markets. The Stellar Development Foundation investment was done back in February and DSROQ built a digital interface with no border to facilitate access in chip stocks such as Amazon, Tesla, Apple, commodities, bonds, and ETFs. These assets will be available as the stock tokens are built on the Stellar network that can be used with fiat or cryptocurrencies.
DSTOQ chose the Stellar blockchain in order to conduct operations because of the network features while unlike other blockchains such as Ethereum and Bitcoin, Stellar’s consensus protocol fits great with the services of the exchange:
“Bitcoin opts for liveness – if consensus cannot be reached, the network may fork , prioritizing progress over unambiguousness (…). This is unacceptable for DSTOQ because of the legal implications of an asset that are tied to a real world value but are represented multiple times on different ledgers. The Stellar Consensus Protocol (SCP) favors safety over liveness, meaning that the network, faced with the same circumstances, comes to halt until consensus can be reached.”
DSTOQ takes off in over 100 countries, making investing affordable and accessible. Trade stocks, bonds, and ETFs. Pay zero fees now and forevermore!
— DSTOQ (@dstoq) July 22, 2020
According to the announcement, the DSTOQ requires its users to have a smartphone and to download the application because that way users across the world can use it without an issue, including users from Russia, South Africa, Peru, Qatar, and Vietnam. However, the platform is not yet available for the United States and some parts of Europe such as France and Germany. The Stellar Development Foundation announced:
“At SDF, we seek to unlock the world’s economic potential by making money more fluid, markets more open, and people more empowered. DSTOQ’s sharp focus on cross-border investing and their unique approach to helping people in emerging markets to gain access to investment opportunities abroad speaks directly to our mission at SDF. Together, we hope to improve the lives of millions of people while simultaneously creating exciting new business opportunities.”
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