Monarch Wallet Adds Support For Stellar (XLM)

Nov 1, 2018 | Bitcoin, Ethereum, Monarch, News, Press Releases

Monarch Wallet Adds Support For Stellar (XLM)

Monarch Blockchain Corporation has officially added support for Stellar Lumens (XLM) on the iOS version of the Monarch Wallet.

Monarch Blockchain Corporation, the developers of the Monarch Wallet and MonarchPay, have announced that the Monarch Wallet (iOS) now supports Stellar Lumens, or XLM. Stellar provides a means of sending money across borders quickly, reliably, and for nearly no cost. Transactions in Lumens (the native currency of Stellar) on the Stellar network are resolved in 2-5 seconds, making the payment network fast, secure, and very cost efficient. With many developer-friendly softwares and tools, the Stellar Network is very easy to integrate and build applications on top of. Aligned with Stellar’s initiatives for the future of money, Monarch Blockchain Corporation is very excited to support Lumens on the Monarch Wallet and MonarchPay once the payment solution is officially launched.

“It’s become increasingly clear Stellar Lumens has a huge use case. Their partnerships with large institutions and their large community following speaks volumes. Jed has a proven track record of success and we are honored to support Stellar and Monarch users with the ability to send, store and receive XLM.”

-Robert Beadles, President of Monarch Blockchain Corporation

The Monarch Wallet is now available for all mobile and desktop users, available for both Android and iOS on mobile. The Monarch Wallet is 100% decentralized, as Monarch Blockchain Corporation collects no data or information from the user. Users are in complete control of their private keys and ultimately their funds, making it unhackable and completely secure. In the first quarter of 2019, Monarch Blockchain Corporation is launching MonarchPay, an easy-to-use merchant plugin that allows online businesses to accept cryptocurrency on their website’s checkout experience. The Monarch Wallet will enable these payments to be sent by consumers. While users pay in cryptocurrency, Monarch will immediately convert the funds to fiat to pay the business, making them unaffected by the volatility in cryptocurrencies.

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