There are +1,600 cryptocurrencies and platforms out there in the market that each of them presents a solution for the user. Some very user specific, and some in a global scale changing.
The cryptocurrency ecosystem is an on-second excitement trigger as the flux of new inventions that it receives is over-the-roof. That is why many individuals find it difficult to separate good from bad, or a sleeping giant from mere dust.
Stellar XLM
One of them, very worth to mention is Stellar [that goes by the XLM token] which has many arguments supporting to stand upfront over many other altcoins.
Despite the fact that Stellar runs on the same blockchain-tech like Bitcoin does, its advanced speed and resolving transactions within few seconds make it stand out alone.
In another end, Stellar gives users an edge to exchange Lumens with government-supported tenders. What this is saying is that it is possible for you to send fund to your friends in any sphere in a twinkle of an eye, and at the same time, they will receive it without any delay. Interestingly, it is possible they exchange it for any currency.
Money remittance has always been out of reach for the ordinary consumer and the entrance of the various digital currencies has been competing for the marginalized niche that forms the bulk of XLM consumption. With Stellar, banks can adapt their payment systems suit their infrastructural designs to be welcomed by institutional & individuals needs. It is very user friendly and dApp creator-welcoming.
Stellar Teaming Up
Open-source, distributed payments infrastructure Stellar (XLM) is aiming to surpass 3rd largest coin as it teams up with Keybase to improve cross-border transactions. Stellar has revealed that it is working with Keybase, a free security app for mobile phones and computers, to boost cross-border transactions. This is something that Ripple offers through its RippleNet blockchain platform that has over 100 member banks and financial institutions.
However, unlike Ripple, which is a for-profit enterprise, Stellar functions as a nonprofit organisation. Not only that, but while Ripple is considered to operate in a centralised fashion Stellar has taken a more decentralised approach.
Its list of partners is rich as no-other. One of Stellar’s strategic team-up, IBM has been awarded a contract by the Aussie government worth $750 mil. This is a move meant to transform Australia to an e-government using the blockchain technology.
If everything goes by plan, it will rank the nation as one of the leading e-governments to implement blockchain. Accordingly, quantum computing and AI will be set to high priority too.
On top of the cake, the Aussie gov plans to use Stellar’s block-tech to deliver social security welfare while being supported by IBM. Without doubt all the above will raise the token demand and increase the price many times. So keep an eye open for Stellar Lumens XLM as its success is looking very solid.