Stellar Lumens will now support over 100 exchanges powered by blockchain company, AlphaPoint, as the company collaborates with the Stellar Development Foundation.

Leading Blockchain Solutions provider, AlphaPoint has announced its support for Stellar Lumens and its native token (XLM). According to a press release by the company,it will be collaborating with the Stellar Development Foundation to provide its clients with the native token, XLM. AlphaPoint is a blockchain company aimed at providing a decentralized platform institutions to create, launch, operate and scale digital exchanges globally. The company provides support to dozens of blockchain protocols as well as over 100 exchanges. With the Stellar network designed as an open network upon which various ICO projects and crypto assets can be launched, the foundation’s partnership with AlphaPoint means that the network will provide services to the exchanges and platforms supported by the company.

Stellar Lumens Will Bridge the Gap between Traditional Finance and Crypto World

With the traditional financial system seeming to be worlds apart from the crypto space, Stellar Lumens integration onto AlphaPoint’s system is set to bring about a reconciliation of both worlds. As noted by Blockchain company’s co-founder and President, Igor Telyatnikov, Stellar Lumens will bring about a standard payment system that would ultimately link global traditional investors and clients and cryptocurrencies together.

“Our goal is to enable our clients to provide access to digital assets globally and we are thrilled to now support Stellar Lumens,[…] AlphaPoint shares in Stellar’s vision of bringing the world together by creating a bridge between traditional finance and cryptocurrencies […]”

Also commenting on the partnership, Lisa Nestor, Director at Stellar Foundation pointed out the move will not only bring “more liquidity to XLM” but bring about further development of the Stellar ecosystem. Enumerating the merits of Blockchain technology, AlphaPoint is integrated with a digital Ledger technology that supports a highly-secured interface for projects to be launched on the platform. It also has the added advantage of being able to process over a million transactions per second. Also, through strategic partnerships with various digital assets companies, the company’s users are given the opportunity to integrate a bevy of ICO projects on the platform. Hence, its partnership with Stellar Lumens is perceived as move forward for both the company and the blockchain network. Especially with the crypto space struggling simultaneously with scalability issues as well as privacy without disrupting the integrity of transactions, AlphaPoint’s speed along with Stellar’s blockchain is set to be one of the liberations needed in the crypto environs.