It focuses its attention on developing markets and this might be one of the reasons for its slow ascent to fame. Stellar was founded by one of the co-founders of the Ripple platform. The Stellar Story Jed McCaleb is an American programmer who was one of the co-founders of Ripple. This makes it highly unlikely that it is experiencing a pump and dump and increases the chances of sustainability. The most promising aspect of the current high trading volume on the network is the fact that its volume is spread across many different exchanges including Poloniex, Bittrex, Binance and Kraken. The partnership has seen Stellar rise to the 13 position on the cryptocurrency chart. This process will use the Lumen to connect fiat currencies digitally and make conversions almost instant. IBM has in-house blockchain solutions that handle transaction clearing.īut the public Stellar blockchain will be tasked with carrying out the settlement part of it. The best part about the IBM-Stellar partnership is that it showcases how public and private blockchains can work in tandem. But the IBM partnership is set to raise its bar to a much higher level, handling around seven different South Pacific fiat currencies. Since its inauguration, the platform has been handling limited payment transfers involving Fijian dollars and the British pound. This price rally seems to have been triggered by the IBM partnership announcement with the startup. Stellar Lumens (XLM) is up 81% over the past month on promising news of partnerships from IBM What’s behind the spike? Stellar Lumens currently ranks #13 with a market cap of $2.4 billion. Well, the fortune is about to change for the Stellar Lumens token, Lumens (XLM) after its price has made a gradual rise from $0.028 to $0.15 in the span of one month. This makes it hard to keep tabs on each one and only the most outstanding ones get the general public’s attention. The cryptocurrency charts are inherently discriminatory since there are over 1,000 different altcoins in the market at present. Stellar Lumens has in the past few days made an effort to separate from the altcoins pack and it seems to be headed for glory. While many crypto enthusiasts have their eye on the top ten tokens in the charts, an unlikely player is making their way to the top.
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