Stellar (XLM) is now more widely recognized as a close rival of Ripple and its XRP (XRP). In the case of cross-border payments, Stellar blockchain is really struggling to put Ripple in the passenger’s seat and, indeed, in the last couple of weeks, it seems that Stellar (XLM) is actually on the right path.
XLM has not only boosted its market capitalization and beaten Litecoin (LTC) which is now ranking the sixth in the market, but Stellar (XLM) signed a significant series of partnerships and deals that may ultimately result in a massive spike in the price of Stellar (XLM) and, more significantly, in the general acceptance of the Stellar project.
IBM is now partnering with Stellar in what seems to be the development of a stable currency to be pegged to the US Dollar. Full incorporation of IBM into the Stellar (XLM) project could help boost the success of Stellar, with such a great name on the board.
Satoshi Pay and Stellar (XLM)
Satoshi Pay is not news anymore, but it remains a breakthrough and another illustration of how Stellars’ flexibility enables it to be integrated into a variety of applications. Furthermore, this association also includes the launch of Tempo, a European-based remittance company that now operates on the Stellar network for cross-border payments.
Real estate is a big deal, and it does have practical implications for the cryptocurrency, too. Slice’s objective is the complete symbolism of the real estate market and provides the opportunity for investors to gain access to investment options that would not typically be provided, otherwise, without cryptocurrency use for cross-border payments.
Chynge embraces the notion of remittance payments and gives it up for free. This project employs Stellar (XLM) technology to guarantee fast and secure payments. As it is the case with other projects, Chynge is expected to make some difference to the Stellar (XLM) environment, letting both the Chynge project and XLM skyrocket.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.