On August 11, 2020, SIMBA Pay announced that it had launched its payment app that runs on the Stellar Network. The app comes with features that make it easy for developers to create secure wallets that support blockchain functions.

SIMBA Chain will allow easy use and integration of blockchain into the payments sector. By doing so, it will help to boost security, trust, and reduce the risk for governments and businesses. The core features are available to developers working on a payment system that offers low fees, cross-border payments support, and cutting-edge security.

What is SIMBA Pay?

SIMBA Pay is an open-source payments app. It was created for developers looking to integrate blockchain-powered payments systems into their operations. The app comes with built-in support for various third-party services and technologies. For instance, it has cold wallet support and Coinbase support.

The team behind the project believes that making it easy for developers to integrate blockchain-based payments will boost the growth of the crypto industry. Besides that, it will make it easier for the crypto world to be integrated into the legacy financial system.

What the Leaders Had to Say

Commenting on the issue, Joel Neidig, the SIMBA Chain CEO said that they believe their technology stack would offer a unique advantage for developers. He added that the world-class tools they had created for developers were already making it easier to develop DApps. The CEO noted that these cloud-based tools were providing verification and transparency for complex digital workflows. According to Neidig:

“It’s never been easier to jump into this exciting space, no matter where you are in your developer journey.”

The Director of Business Development at the Stellar Development Foundation, Boris Reznikov, had equally positive sentiments on the issue. He said that they were excited to see SIMBA Chain launch their open-source app that will foster the adoption of Stellar and end-user accessibility by offering lower fees compared to the existing payment platforms.

SIMBA is already in use by the US military. Its integration with the Stellar Network is a sign of growth in the blossoming blockchain sector. The payment app is a low-cost solution for developers and comes with all the benefits of the Stellar technology stack. It aims to make it easier to develop the next generation of DApps.

About SIMBA Chain

SIMBA Chain was created in 2017 after DARPA awarded a grant to the Notre Dame Center for Research Computing and ITAMCO. The institutions were tasked with creating a secure and hacker-proof platform that supported messaging and transactions for the US military.

Their cloud-based blockchain-as-a-service (BaaS) platform allows developers, governments, businesses, and end-users to develop and deploy DApps on Android, iOS, and the web. SIMBA Chain has won numerous awards including the TechPoint 2019 Mira Award for New Product of the Year and the 1st Source Bank Commercialization Award. It supports Ethereum and it is working on integrating various other blockchain protocols.

Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the crypto currency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal or accounting advice. This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.