Business
Pendulum: Spacewalk bridge released on Amplitude
Pendulum: Spacewalk bridge released on Amplitude.
About this update from Blue Star Capital Plc
[{"type":"text","content":"\n\n1 June 2023\nBlue Star Capital plc\n \n(\"Blue Star\" or the \"Company\")\n \nPendulum announces Spacewalk bridge is released on Amplitude\n \nBlue Star Capital plc (AIM: BLU), the investing company with a focus on esports, payments, technology and its applications within media and gaming, notes the recent update announcement made by Pendulum, a company incubated by Blue Star's investee company SatoshiPay, that its blockchain bridge connecting the Stellar and Polkadot networks, 'Spacewalk', is now live on Amplitude. \n \nPendulum describes Spacewalk as a trust-minimised decentralised bridge that serves as a critical link that allows the Pendulum chain to leverage the vast array of fiat-backed stable tokens available on the Stellar blockchain, paving the way for the development of a fiat-based decentralised finance ecosystem. As the pioneering bridge connecting the Stellar network with the Polkadot and Kusama ecosystems, Spacewalk enables the seamless transfer of stable tokens from Stellar.\n \nPendulum is committed to advancing foreign exchange (\"Forex\") trading into the blockchain space to integrate a tranche of the $6.6 trillion traded daily in Forex markets. It is hoped that the Spacewalk bridge will serve as a critical component providing the necessary stablecoin liquidity to facilitate Forex trading.\n \nIn future, it is expected that Spacewalk will be extended to other prominent blockchain networks such as Cosmos and Ethereum. Pendulum consider that the importance of merging traditional finance with the cryptocurrency space is becoming increasingly acknowledged in the market.\n \nBlue Star holds a 27.9 per cent. stake in SatoshiPay, and SatoshiPay has an interest of 5.5 per cent. of Pendulum's future PEN tokens.\n \nFor more information please contact: \n \n\n\n\nBlue Star Capital plc \n\n\n+44 (0) 777 178 2434 \n\n\n\n\nTony Fabrizi, Executive Chairman \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nReach is a non-regulatory news service. By using this service an issuer is confirming that the information contained in this announcement is of a non-regulatory nature.\nAbout Blue Star\nBlue Star is an investing company with a focus on new technologies. Blue Star's investments include SatoshiPay Limited, a payments business using blockchain technology; 4 ...