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Articlebpventures.us7y ago

Stellar payments — thoughts on federation, QR Codes, URIs, and Point of Sale systems within the Stellar.org ecosystem

The article explores Stellar's federation system for human-readable addresses like anthony*tempo.eu.com, which simplifies payments compared to raw public keys. It discusses QR codes, URIs similar to Bitcoin's bip 0021, and compatibility among Stellar wallets like Lobstr and Papaya. Smart anchors like Flutterwave integrate federation for bank account validation.

PaymentsWallets
Lumen Loop's take

Stellar utilizes public-key cryptography with federation for memorable addresses such as anthony*tempo.eu.com or account_number.swiftcode*flutterwave.com, enabling easy lookups via HTTPS. This approach is simpler and cheaper than Ethereum's ENS. The article compares it to Bitcoin's bip 0021 URI scheme (e.g., bitcoin:175tWpb8K1S7NmH4Zx6rewF9WQrcZv245W?amount=20.3), registered with IANA and convertible to QR codes. Early Stellar wallets supported QR code conversion, and current ones like Centaurus, Lobstr, Stargazer, and Papaya interoperate effectively for point-of-sale systems within the Stellar ecosystem.

Mentioned projects
5 projects linked
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BP VenturesInfrastructure & Services
SCF
Wallet Infra

BP Ventures provides consulting and development services for blockchain solutions, focusing on financial inclusion and decentral…

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CentaurusInfrastructure & Services
SCF
Infrastructure

Centaurus is a second-layer solution for the Stellar network that enables instant, fee-free token transfers and trades within a …

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Flutterwave
Payment GatewayAfricaB2B

Flutterwave is a fintech company that provides payment infrastructure for global merchants and service providers, enabling busin…

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LobstrApplications
SCF
P2PMobileSoftware Wallet

LOBSTR is a web and mobile wallet that enables users to interact with the Stellar network and its decentralized exchange. It sup…

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Taurus
TokenizationInstitutionalInfrastructure

Taurus is a European leader in digital asset infrastructure, providing enterprise-grade solutions for custody, tokenization, and…

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