ZED Network joins Interstellar Partner Program to tap Stellar for money transfer service

ZED Network, an integrated global payments platform, has partnered with Interstellar to tap the Stellar Network to transform cross-border, cross-currency and cross-asset transactions.

Lightyear, a Stellar-focused company, recently acquired blockchain startup Chain. The companies shed their previous identities and formed a new company “Interstellar”, which will focus on helping organizations build on the Stellar Network.

ZED provides Money Transfer Operators (MTOs) with a comprehensive “remittance-in-a-box” solution including mobile and web apps, comprehensive back office support, and KYC/AML monitoring and reporting. It is joining Interstellar Partner program and will provide MTOs with an instant settlement option on top of the Stellar Network, the release said.

“ZED Network and the team at Stellar and Interstellar share a vision for transforming the remittances sector by powering cross-border payments seamlessly and instantly,” said Alan Safahi, Founder and CEO of ZED Network. “We look forward to collaborating with Interstellar to significantly grow ZED Network’s worldwide reach.”

ZED is a compliance-friendly solution enabling MTOs to join a global blockchain-powered remittance internetwork, essentially offering a single point of integration for MTOs for sending and receiving remittances and rapidly scale their businesses. It offers a “Platform-as-a-Service” built on a distributed ledger that reduces costs and transaction friction for small-to-medium-sized MTOs.

“We are very excited to partner with ZED Network to help accelerate the growth and adoption of the Stellar Network,” said Paul Arnautoff, Head of Sales and Partnerships at Interstellar. “ZED provides a unique platform to help Money Transfer Operators immediately participate in the Stellar Network without any investments in technology or integrations. We're looking forward to working with ZED to expand our reach and provide a broader ecosystem of partners.”