Value Proposition: The Stack digital wallet, allows customers to buy products via tap, mobile pay or the STK card, which has the MasterCard partnership. Stack app users can spend cryptocurrencies at 39 million merchants worldwide. In May of 2018 STK is planning on beta testing the Stack crypto wallet in the USA. STK will have first-mover advantage and a huge step to bring crypto to the masses.
Token Use in the Platform: The user sends STK tokens to STACK in exchange for STACK using their liquidity pool to make a fiat purchase through the global payment network.
MVP: Stack has a functioning product with FIAT and will launch in Canada in 1Q2018 and then head to the US in Q218.
Strength of Team: Stack has a very experienced team with decades of experience in the financial services industry.
The reason we like it: The key to Stack is that they had already raised funds and built a multi-currency fiat wallet to integrate with Mastercard globally, and then they extended it with cryptocurrency functionality. The functioning platform and relationship with Mastercard puts Stack far ahead of any competitors in the crypto space. Other competitors competing in this space have been working on developing a POS solution, but with STK, there is nothing additional to enable the retail network to accept cryptocurrency payments.
Website link: https://stktoken.com/
Whitepaper link: https://stktoken.com/STK_whitepaper_en.pdf
Disclaimer: We are not financial advisors nor is this financial advice. You are responsible for your own research and due diligence. We are not sponsored, endorsed or paid in any way for the content contained in this opinion piece. The views expressed herein constitute our opinion based on our own analysis and experience.