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Crypto Payments Specialist Stellar Links Polkadot and Kusama with The New Spacewalk Bridge

Polkadot and Kusama, two blockchain ecosystems, are now linked to Stellar’s global network of fiat onramps through the recently constructed Spacewalk bridge.

Pendulum co-founder and Chief Technical Officer Torsten Stüber said that Polkadot’s “canary network,” Kusama, is currently online with the Spacewalk bridge and that the Polkadot version would be open within a week or two.

Recently, he also announced that the native token of the Pendulum, the bridge constructor, is now listed on MEXC. 

How Will This Bridge Impact The Crypto Market? 

Pendulum, the winner of the most recent Polkadot parachain auction, constructed the bridge to facilitate communication between DeFi applications and forex markets, focusing on emerging markets. Furthermore, Stellar, founded in 2014, has established itself in these regions and formed partnerships with organizations like MoneyGram to facilitate cross-border payments.

While the U.S. banking system has been demolished for cryptocurrencies, seasoned companies like Stellar and others are expanding essential infrastructure in other countries to support the industry.

Adding more to its adoption, Stüber, CTO of SatoshiPay, a crypto micropayments business with deep experience building on top of Stellar, explained that Pendulum’s goal is to merge traditional finance with DeFi. Stüber clarified that the Stellar network’s native cryptocurrency, Lumens, is not the main goal, but rather stablecoins or fiat tokens are.

How do you think this bridge will impact the crypto world in the coming time? 

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