Recently came across which goes into detail about the number of developments Dell is involved in and How Stella is currently at the center the number of cross-water payment protocols I need to frame this visual that you guys this is you know not specific to startups rbcs these are established companies they have Um cross-border payments has to be either a primary activity or a substantial Revenue line so you will see across these um you know traditional financial institutions that have a large segment and cross-border or payment offerings independently owned public companies that are non-financial institutions you also see you know emerging and Innovative product lines such as you know distributed Ledger Technologies or other BC backed growth stage companies what you see here is um opportunity so the more logos is you know more organizations viewing cross-border payments as a ripe opportunity to modernize to mature to offer different value-added services for whatever region You know they they might be representing so we sometimes view cross-border payments have been around for a really long time um they’re tried and true and that that is true but at the same time our customer expectations are changing choice is evolving and what people might Need now that we have kind of this glocal or globalization phenomenal um that needs to adopt and change all of the organizations out there so I always I always find the logo slide interesting because it proves that where there are challenges and friction there are many opportunities for all of us so as Detailed in the previous clip Stella and ripple are both at the center of cross-border payments within the DLT sphere so as well as Stella’s involvement in cross-border payment protocols and payment infrastructure a number of financial leaders across the world have voiced their opinion in regards to how DLT and other new Innovations especially surrounding blockchain technology could be utilized into traditional Financial infrastructure where the following clip features a number of world-renowned Bankers who gathered at the bankers Association for finance and trade where the individuals gathered and gave their views in regards to how modern DLT Innovations could be incorporated into traditional Financial infrastructure Digital asset formation and whether blockchain really comes in is in the formation of this digital asset and where the problems really lie is having those bridges from the traditional data world to the new data world and the traditional payment world to the new payment wall from the traditional legal World to the new legal world we are fortunately at a point where all of that now exists and I can go into greater detail on how each of these things play out and we have a one-page or slide so as detailed in the previous clip a number of Innovations including dot Technology could be incorporated to improve workflow surrounding traditional Financial Services so also I’d like to bring to your attention a tweet provided by S Tzu where he details to the number of developments that Stella is actively involved in and the number of Partnerships still is involved in where As stated by St Zoo Stella is the only blockchain provider and the OT innovator that has a direct partnership with both BlackRock and JP Morgan where the three organizations are in direct collaboration to form the cftc advisory role and this is coupled with Stella also being involved in other Payment protocols around the world including the development of a Ukrainian cbdc and also Stella being at the center of cross-border pavement infrastructure in MoneyGram and this compounds the point put forward in the initial clip where MoneyGram is one of the largest remittance providers around the world so With MoneyGram being at the center of the provisioning of remittancies and with MoneyGram Services is blockchain branch of the organization being backed and built on the Stellar Network this indicates How Stella is at the Forefront in enabling rapid and cost effective cross-border payments and remittances so let’s get into the meat Of today’s video where we talk about how Stella could have a direct partnership and may be directly utilized into the fednow payment infrastructure so as many of you may be aware the fednow payment infrastructure which is centered around instantaneous payments is set to be rolled out by the Federal Reserve Potentially over the next few days so the fednow payment infrastructure is geared towards improving the seamlessness and the cost Effectiveness surrounding the validation the verification of payments be it between Banks and financial bodies businesses or even on an individual basis so are there any clear links that indicate whether Xlm is at the center or fed now develop elements so I actually recently came across an article which details to how the Federal Reserve May incorporate a number of qualities associated with a number of DLT Innovations for example ripples xrp or Stella’s xlm so the article actually went into further Detail where the article stated how the Federal Reserve has entered a partnership with a metal blockchain Where Metal blockchain will be directly incorporated into the fednow payment processing protocol where this integration will be a means of enabling users to harness the intrinsic benefits provided by meta blockchain where funds Which are present on fednow can be exchanged either in its typical sense through peer-to-peer protocols all through a stable coin provided by the mentioned blockchain providers in xlm and xrp so the plugging of the metal blockchain protocol are fed now can be seen as a blockchain branch or fednow Which is Again part of xrp and the xlm family so the article followed and mentioned the fednow services partnership with metal blockchain for quick Fiat and stable Queen conversions marks the major milestone in Bridging the barrier between conventional Banking and decentralized finance so the bridging and the porting of metal Blockchain with Federal Services indicates how traditional Financial infrastructure in the case of fed now and the Federal reserve’s Banking infrastructure will have a degree of interaction and potential interoperability with blockchain offerings provided by a metal blockchain in this example xlm and xrp so the main reason as to why metal blockchain may Have been incorporated into the federal payment infrastructure is that not only does this option provide for instantaneous payments as fed now would generally provide but also provides users to harness another way of verifying and sending funds in a different manner where individuals can harness the benefits of blockchain Technology for more cost effective and instantaneous global payment verification so it’s extremely exciting so it appears to be that with metal blockchain being in a direct partnership with the Federal Reserve and with the Federal Reserve eyeing to directly incorporate metal blockchain into its Federal payment protocol this could see The blockchain offerings provided by a metal blockchain to be directly associated with the FED now payment protocol which in turn could lead to the likes of xlm being directly harnessed and potentially being utilized by users of fednow so fednow isn’t going to be innately at the center empowering fed Now but if users wish to potentially utilize the benefits of metal blockchain services this could indirectly see the increased utility of the Stellar Network and in turn increase utility and usage of xlm to verify potential transactions which may emerge on the Stellar network but again time will tell and I think When fednow is officially launched on the open market we’ll get to clear Insight in regards to how the service works and whether any blockchain offerings are directly incorporated into the service so we’ve only got a few more days to wait but from what we’ve read from this article there does seem to be Some degree of link between fednow services and the likes of xrp and xlm mainly due to the intermediary in this potential partnership in metal blockchain but again time will tell and we’ll see what happens over the next few days so as detailed by s tizu in the initial tweet I showed you guys I’d also like to talk about another development and partnership Stella is at the center of where Stella is actually in direct collaboration with a number of financial bodies and banks around the world where Stella is a direct partner and is directly integrated into temenos temenos is a banking Cloud Infrastructure and with Estella being directly Incorporated and plugged into the term menos banking system this has seen over 1 600 Banks and Credit Unions having accessibility to sell a blockchain so this active partnership indicates How Stella is not only involved in payment protocols especially in regards to cross-border payments and Remittancies but Stell is also actively utilized by Financial bodies and including Banks and financial and credit unions so it goes to show how versatile the seller network is in regards to the services they provide and it indicates how exciting Stella’s Provisions are and how Stella could be utilized for a Number of use cases at any one time so as indicated in St Zoo’s tweet he indicated How Stella is the only blockchain provider which has a direct partnership with the United Nations where this partnership went live in 2022 and it was centered around providing and granting Ukrainian refugees accessibility to the usdc stablecoin Which is actively available on Stella so this is another example of how instantaneous payment protocol as well as the high degrees of security and the cost Effectiveness associated with the overarch and seller network is a highly attractive proposition and why the likes of the United Nations and other Financial bodies Have turned two Stellar services in this example to improve the ability for funds to be sent to refugees through the utility of the usdc stablecoin which is actively available on the seller Network and finally as we initially mentioned arguably the most significant partnership Stella is involved in is its partnership with MoneyGram where MoneyGram which is one of the largest remittance providers in the world is built on the seller Network where again the blockchain branch of the company is built on the overarching the seller net so with seller being at the center of a number of exciting initiatives and developments it makes no surprise if fed Now has a direct association with the seller Network and in turn xlm but again time will tell and we’ll hopefully find out over the next few days what are your thoughts on Stella do you think Stella could be at the center of fednow payment protocols let us know your views in the Comments below thank you for watching crypto Clan don’t forget to like subscribe subscribe and click on the notification Bell let us know your views in the comments below thank you for watching and we’ll see you in the next 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