STACK project has released a Progress report some hours ago. The team works hard in developing a well functioned project in order to give the power of using crypto as a payment method in the point of sale, to any user who has an account and a card.

The innovation of this project is the use of State Channels that manage to "store" offline payments that will be processed later to the blockchain in its online state.

Here is a Progress update with what STK has achieved during that time:

Recent Progress:
Smart Contracts Security Audit & Smart Contracts

• Actively working on audit fixes

Server

• Transaction history data

Research

• Setting up lightning node in the Amazon cloud

Design

• No new update.

Community
Our CEO, Miro Pavletic was invited to speak on a panel at ELEVATE, alongside Bank of Montreal, Deloitte and BTCC, discussing ‘Roadblocks in the Blockchain Industry’ from an operational perspective; everything from taxation to opening a bank account.

Read the complete report: Here

It is very encouraging to see interesting projects that face difficulties, trying to accomplish their mission and deliver a functional product to the public. Wouldn't it amazing to make payments anonymously with the use of our smartphones in just few seconds?