Safe cooperates with Stripe and Gelato to launch the new development stack \”Core\”

It is reported that Safe, a self-hosted infrastructure provider, announced the launch of a new development stack Safe Core in cooperation with Stripe, a payment giant, and Gelato, a decentralized financial agreement. It integrates account abstraction to simplify the development of smart contracts on the Ethereum blockchain. It will also simplify transaction costs and payment processes, and allow fiat on-pumping.

Interpretation of this information:

The recent announcement by Safe, a self-hosted infrastructure provider, has caused a buzz in the blockchain community. The company has partnered with Stripe, a payment giant, and Gelato, a decentralized financial agreement, to launch a new development stack, Safe Core. According to reports, this new development stack will simplify the development of smart contracts on the Ethereum blockchain by integrating account abstraction.

Account abstraction, in simple terms, refers to the hiding of complex operations in a smart contract to simplify the overall development process. It essentially means that developers will no longer be required to manually handle the complexity of certain transactions, such as token transfers, when developing smart contracts. This makes the development process more user-friendly and accessible for developers, reducing the barriers to entry in the blockchain space.

Safe Core’s integration of account abstraction is therefore a powerful tool that could potentially revolutionize how smart contracts are developed on the Ethereum blockchain. It simplifies the process, thereby reducing the overall development costs, as well as the time associated with developing smart contracts. This could potentially attract more developers to the space, leading to an increase in innovation and growth.

The new development stack will also simplify transaction costs and payment processes. It is expected that Safe Core will enable developers to incorporate fiat on-ramps, which will allow users to easily convert their fiat currency into digital assets, such as Bitcoin or Ethereum. This is an important step towards bridging the gap between traditional finance and cryptocurrency, making it easier to use cryptocurrencies in day-to-day transactions.

The partnership with Stripe, a major player in the payment industry, also gives Safe Core credibility and could potentially lead to wider adoption of the technology. Stripe has long been a leader in the payment industry and has already integrated cryptocurrencies into its payment platform. Its partnership with Safe could lead to a further push towards blockchain technology and its integration into traditional payment systems.

In conclusion, Safe’s announcement of the launch of Safe Core is exciting news for the blockchain community. The integration of account abstraction into the development stack will simplify the development of smart contracts, making it more accessible to developers, and the incorporation of fiat on-ramps will make it easier to use cryptocurrencies in day-to-day transactions. The partnership with Stripe further adds credibility and could lead to wider adoption of blockchain technology as a whole. This is a promising development in the blockchain space and one that could lead to increased adoption and growth in the years to come.