The Stellar blockchain is similar to Ripple. It provides remittance solutions and seeks to reinvent the way money is transferred from one point to another. Unlike like Ripple, Stellar targets unbaked individuals more than it targets institutions. So, why did IBM, an institution, decide to use Stellar for its World Wire project instead of Ripple? What makes the Stellar blockchain different from others especially Ripple.
You see the founder of Stellar is one of the co-founders of Ripple. He created the Stellar blockchain to be a better version of Ripple. IBM knows this. Even if Ripple is firmly rooted in the top three, Stellar has more use cases than Ripple and has the potential to be one of the most important blockchains in the world.
By using the Stellar blockchain, IBM cuts out the cost for intermediaries, office space, and additional staff that would have required if it used a settlement system like PayPal for its World Wire. Apart from that, fees on the Stellar blockchain are also incredibly low. Millions can be sent with just a few cents or dollars. Anyone, no matter how poor, can use the Stellar network to performing financial transactions without control from banks and other financial institutions.
Rather than replace banks, the Stellar development foundation wants to work with banks by providing them with services that would help them serve their clients better. The Stellar Lumens token is the fuel that runs the Stellar blockchain. It is tradeable on exchanges and it is affordable. Unlike Bitcoin, the Stellar Lumens token doesn’t need to replace fiat money. Both can work side by side. The Stellar Lumens token provides liquidity for IBM’s World Wire during cross-border transaction settlement.
Stellar Lumens XLM Price Prediction
Stellar (XLM) Price Today – XLM / USD
The XLM price prediction short-term is bearish but the XLM price prediction is bullish long-term thanks to IBM and other big names that have partnered with the Stellar development foundation like Deloitte. These partnerships will drive adoption and this would eventually lead to an increase in the demand for XLM and subsequently a rise in price.
What do you think about the Stellar Lumens news today? Will the partnership between the Stellar development foundation and IBM help boost the XLM price prediction? Share your thoughts in the comment section below.
Stellar Lumens News Today – Stellar Lumens Price Analysis
Stellar Lumens and the Stellar blockchain may not be among the big three but they ought to be. Stellar Lumens news since last year has been mostly positive. Within the last four months, Stellar has enjoyed an increase in adoption and exposure thanks to things like the Coinbase Stellar airdrop and Coinbase Stellar listing. The Stellar development foundation has made sure of this. Even the XLM price prediction and the Stellar Lumens current price aren’t encouraging, the blockchain still has a lot of potential and it is this potential that IBM sees.
According to the latest Stellar Lumens XLM price analysis on cryptonewsz; there are some reasons which can provide a strong basis to upraise XLM’s value in the future. For example, XLM has been listed in Coin Deal and Coinsquare exchanges, Wirex has partnered with XLM, and it is soon going to launch 26 stablecoins on Stellar’s network and Wevest Digital AG, a Berlin-based company, is going to offer digital investment banking service via XLM.
With the above current updates, it is practical enough to understand that XLM is a potential cryptocurrency. Although it has its own capability, it’s the market volatility and the BTC that will majorly impact its future value. Accordingly, we think that XLM can trade around $0.45 by the end of this year.
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