APT launches Spera stablecoin on Mainnet
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Technology
Tuesday, April 12, 2022
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APT Systems, a software development and fintech company, launched Spera on the Mainnet in preparation for making the Spera stablecoin available for purchase.
“Our team is proud to announce we’ve moved Spera from the Testnet where final testing and quality assurance had been performed, onto the Mainnet,” APT Systems CEO Glenda Dowie said in a release. “This is an important step before finalizing a dedicated wallet supported by Prime Trust that will accept U.S. dollars to buy and hold Spera.”
A Mainnet is a blockchain that transfers digital currency from senders to recipients which are then recorded on a distributed ledger. This differs from a Testnet, which is essentially the testing of such a transaction. Mainnets makes a stablecoin available for the public to buy and use. Spera is a stablecoin, meaning it is backed by collateral assets so that the value of Spera will always be $1.
APT Systems is developing Spera to work with its Verifundr digital escrow application, which uses smart contracts in part to serve as a neutral third-party to ensure funds are duly released upon both parties fulfilling their contractual obligations. The blockchain-supported portion of Verifundr makes it suited for escrow and payment functions, while Spera provides for payments and the simple transfer of escrow funds both domestically and internationally, according to APT Systems.
“The SPRA coin is envisioned to become a widely distributed fiat-to-digital cryptocurrency in order to bring transparency and instant payments to escrow transactions. Moving Spera onto the Mainnet is like moving a rocket onto the launchpad,” Dowie said. “These are very exciting days as we get ever closer to bringing Spera into the world.”
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