“STACK is a new personal finance platform built on the idea that using your money should be free. University accessible, STACK is an alternative to traditional banking that allows you to store your money safely, access it instantly and transact with it anywhere, in any currency including crypto, right from your smartphone.” This is the explanation given in the STACK official website https://stktoken.com/. STACK is aiming at creating state channels between STACK and consumers. The channels will provide users with real-time transactions which will be recorded on the blockchain. It has also partnered with existing payment network to gain mass adoption and allow its wallet used at more than 39 million merchant locations.
The STACK Token goes by the initial STK. It is invented by the STX Global payments AG. The STACK Platform allows users for real-time POS transactions using their private cryptocurrency wallet and STK token. The token is ERC20 compliant token based on the Ethereum Blockchain. The aim of the STK token is to become a global solution to facilitate borderless transactions. The STACK application and the STK token, STACK platform is able to create a solution for problems such as lack of merchant acceptance for cryptocurrency and the ability to complete transactions ins a near-instant manner.
Here are some of the features you will enjoy using the STACK Platform.
- Ability to withdraw cash from any ATM globally
- Chi and Pin EMV card. Real-time conversion from cryptocurrency to fiat currency used in your country.
- Tap-to-pay functionality
- Multi-currency wallet for both Fiat and crypto money.
- Ability to sisal sharing moments
- Tips, toll and tailored advice the help user reach their financial goals
The above features allow the STACK platform to be a complete platform as a global personal finance from its users. The team will include STACK prepaid card for every STACK account.
The Platform uses the STACK multi-currency wallet that is made accessible with the STK token. The token is used for operating cost to set up the channels.
STACK closed their presale on 11 December in preparation the public sale, which begins January 31, 2018. The token sale event allows users to contribute to STK Global Payments and receive STX tokens are rewards. The Hard cap sale will be $17,000,000 USD. All the unsold tokens will be burned after the public sale. Stack Facilitates borderless transactions, offering Global solutions to its users.