Bright Ideas: Stellar (XLM)
Stellar Lumens is an open-source, decentralised protocol that allows for cross-border transactions between any form of digital or fiat currency.
Price:
$0.1118
Mkt Cap:
$2,869,583,129
View Coin Page
Project Fundamentals
- XLM is the Stellar Development Foundations cryptocurrency known as Stellar Lumens.
- Stellar is a decentralised blockchain based payment network that allows users to transfer digital currency to fiat money globally.
- Developers use open-source code on the Stellar network to build global payment apps, asset exchanges and micropayment services to facilitate payments instantly.
- Maximum supply of 50 billion coin.
Partnerships / Implementation
- The Stellar blockchain is designed to create, trade and send all types of money like bitcoin, euros, dollars and pretty much everything else.
- This will allow the global financial system to work together on one network.
- Stellar also has its own decentralised exchange, which will allow non-crypto assets like gold to be held by verified financial institutions in return for tokens.
- On October 6th 2021, the Stellar Foundation announced a partnership with Moneygram to use the stable coin USDC on their blockchain for cheaper and instant transactions
Roadmap and Announcements
- The 2021 roadmap focuses on attracting and maintaining new clients to help build a secure, scalable and robust network that is used globally.
- The roadmap focuses on an ecosystem expansion which is crucial for helping Stellar become a global innovator in financial technology.
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