After the violent sell-off that is taking place the last week, finally the last two days the community was able to see a little of green percentages by the coins. Following up the bears and them having their saying, many traders used this dipped opportunity to buy in. However, looking at the last 7 days charts, the only in the gain is Stellar Lumens (XLM) with 5.71%. With the most recent development, that is not that surprising.
Source: coinmarketcap Market Cap – Price Last 7d
Stellar XLM in the Crypto-Verse
In 2014, using what Jed McCaleb had learned through the development process of Ripple ‘Ripple protocol’, McCaleb started the non-profit Stellar Development Foundation, which eventually led to the creation of the Stellar Consensus Protocol and XLM currency. Before that he was part of the infamous exchanging platform Mt. Gox and the parent company Ripple.
Back to the present, Stellar’s tech present a first row competitor for Ripple’s XRP and other financial-industry improvement solutions. That is why the team has to keep up the good news to go toe-for-toe against Ripple. The latter one is known in the community for the daily debuting news.
It is the very right time to announce a team-up that will improve Stellar Lumens XLM adoption globally. SHIFT Markets has declared a new partnership with Lightyear to integrate Stellar technology into the exploding market. SHIFT presently services upwards of sixty crypto exchanges on a global basis..
“This is an exciting partnership for us as many of our exchange clients would like to offer Lumens trading on their exchange. Their commitment to provide low-cost financial technologies in developing nations makes them a good fit for our market. We aim to increase Lumen liquidity and usage for both major and exotic fiats,” – Ian McAfee, SHIFT’s CEO
Paul Arnautoff – Director of Sales and Partnerships at Lightyear.io:
“With new on-ramps and off-ramps for fiat to virtual currency, the Stellar network continues to expand its mission of financial inclusion and reducing friction in cross-border payments,”
The Stellar foundation and IBM have been in a solid partnership for quite sometime now. Notable collaborations include the following:
- IBM working on a stable-coin that is built on the Stellar blockchain
- IBM winning a contract for a 5 year deal to develop blockchain solutions in collaboration with the Australian government
Stellar Lumens steps the cross-border transaction game up with some intriguing news the last months. TransferTo announced its partnership with Stellar to boost international money transfer. This way, send&receive in over 70 countries will be completed very speedy and efficient.
When it comes to EOS, if everything continues like this for Stellar XLM it is just inches away from taking the 5th spot. For the time being EOS is at $4,279,677,675 while Stellar Counts $4,080,816,588. The next days will be crucial for both if any change does happen.