Dala has officially announced a new multi-chain strategy that will include Stellar, the technology behind the seventh largest cryptocurrency (lumens) by market cap. Dala is looking to create the most decentralized financial system available by bring together top blockchains and protocols. It hopes to reach developing markets by establishing a decentralized system that allows users to borrow, earn, save and transact funds.
Dala says it will be using Stellar for payments, along with Ethereum for its smart contract capabilities. Stellar promises speedy and low-cost transactions for customers, and Dala executives believe its blockchain will lead to steady user growth.