MYKOBO recaps its 2022 journey, from inception inspired by remittance challenges to launching Version 2 on the Stellar blockchain with EURC stablecoin. Key achievements include over 400 users, 155K EUR traded volume, and integration with Stellar protocols like SEP-6, SEP-24, and SEP-31. The company anticipates 2023 expansions like EURC swaps, new payment corridors, IBAN services, and debit cards.
MYKOBO originated from founders Kwabena and Seyi's discussion on financial inclusion and blockchain for remittances to Nigeria and Ghana. After a Bitcoin-based beta, they selected Stellar for Version 2 due to its money-focused protocol, SEPs for scalability, and cost-efficiency, basing operations in Vilnius, Lithuania, for regulatory clarity. They've issued EURC stablecoin on Stellar, supporting consumer apps on iOS/Android, business APIs with multiple SEPs, and integrations with platforms like Lobstr, StellarTerm, and Aquarius. Achievements encompass over 400 users, 155K EUR volume, 100K EURC in circulation, and monthly reserve attestations. For 2023, plans include EURC swap features, expanded cross-border payments to Mexico and Argentina, IBAN services, debit cards, mobile payments, increased liquidity, and broader exchange listings.
