Hey Everyone,

Today we are releasing AnclaX in private beta https://anclax.com/, a Stellar anchor in Colombia - our initial offering is to allow people to trade XLM (and other assets) in the Stellar Decentralized Exchange using Colombian Pesos (COP).

How does it work?

When an user signs up for our service, we collect the Stellar account they'll be using for trading.

After they send the first deposit to our bank we issue the equivalent minus a fee in their Stellar account, which they can then use to trade using the Stellar Decentralized Exchange via StellarTerm or StellarPort.

After they are done with their trades and want to convert back to fiat, they send their COPs to a federated address and we send them the money to their registered bank account.

For now our target is mostly people who know how to "save" their seed but eventually we want to offer full-federation so people don't have to worry about it.

XLM - COP

We are listed in Stellarterm

https://stellarterm.com/#exchange/XLM-native/COP-anclax.com

And Stellar Port

https://portal.stellarport.io/exchange/alphanum4/COP/GAEDLNMCQZOSLY7Y4NW3DTEWQEVVCXYYMBDNGPPGBMQH4GFYECBI7YVK/native/XLM/Stellar

Going forward

We'll be in private beta for the next couple of weeks.

After opening up to the public we want to start exploring new services like allowing vendors or stores to receive Lumens or integrating with anchors in other countries to allow cross-asset payments.

Also we plan to start creating initiatives to educate people on how to use Stellar.

Looking forward for your questions, ideas and suggestions.

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"After they send the first deposit to our bank we issue the equivalent minus a fee in their Stellar account, which they can then use to trade using the Stellar Decentralized Exchange via StellarTerm or StellarPort."
Did you mean that you will send the COP asset to the user ?

Good luck to your project.

    jagstock Did you mean that you will send the COP asset to the user ?

    Yes -- we send the COP asset which they can use to trade.

      21 days later

      Quick update: we'll be moving to public beta in the next couple of weeks.

      We have been integrating with the local version of ACH and legal stuff is taking longer than expected.

      We haven't been processing deposits this week until we get ACH running but there are still a couple of people with buying and selling offers https://stellarterm.com/#exchange/XLM-native/COP-anclax.com

      We have also started to work on a POC for a POS solution and have a couple of coffee shops that want to beta test it (initially to allow payments with our COP asset in the Stellar network).

        istrau2 Awesome! We are working on tutorials and will mention you too ?

        Thanks!

          13 days later

          I just tried Anclax, it worked perfectly for me, I was able to get COP into my stellar account using the stargazer wallet. They charge very low fees and have an excellent service. +1

          9 months later

          I went to your website but it says you guys have been closed due to regulators? What happened??

          6 months later