One of the highly-regarded open-source projects today in the financial market is Stellar Lumens. This project is a distributed payment structure that helps to facilitate asset transactions efficiently and consistently, with just little charges by making use of a crypto-asset called Lumens (XLM). It is essential to keep in mind that this project has gotten immense support from financial institutions and Bitfinex already.
The way Stellar Lumens (XLM) operates is much alike with other decentralized payment systems. It includes a network of decentralized servers which are always renewed within two to five seconds. Another important feature of Stellar Lumens (XLM) which makes it different from other cryptocurrencies like Bitcoin is its consensus protocol.
Nevertheless, if you are looking for a bridge to give you solutions concerning the issues with traditional bank services such as the fees and quick access to other banking systems in the third world, then this platform is the right choice.
That is due to the fact that it also allows users to send their money to anywhere in the world with just a little penny as charge and this can be done within few seconds.
With these advantages, lots of investors and users are choosing this platform. As a result of increased patronage, XLM recorded an upsurge on its users all over the world last year.
The increase in the use of Stellar Lumens (XLM) has been as a result of its adoption from big financial institutions. Recently, Stellar got an excellent business collaboration with IBM, which is one of the biggest computer technology companies in the world today.
IBM has also been one of the major technology suppliers in the financial sector. Undoubtedly, this recent adoption by IBM will surely boost the future of XLM. Other companies that have adopted XLM are SatoshiPay, Kin Foundation, and BloomX.
Furthermore, another breakthrough of Stellar Lumens (XLM) is the support from NASDAQ, one of the prominent US stock markets. NASDAQ publically declared to the world that XLM is one of the twenty new cryptos to have the most significant potential growth.
That is exciting news for XLM, and it is undoubtedly going to boost the interest of investors especially when NASDAQ lists it as one of the digital currencies in its forthcoming cryptocurrency exchange.
There are also other major players that offer the same services as XLM, and XRP is probably its biggest rival. Both platforms are aiming to reach the USD 20 trillion annually in the market. Although XLM has a market cap of $5,348,989,965 (as of writing this article), there seems to be a potential growth of this cryptocurrency in the coming years.
In addition, XLM on its own is more decentralized than its rival. A good number of investors are taking their attention away from XRP due to the fact that XRP Foundation itself controls almost 60 percent of the digital coins.
When it comes to the price of Stellar, it has almost reached the bottom. In the market today, you will observe that it has been resilient in the XLM/BTC charts. Nevertheless, buying XLM right now may be really suitable, and it is currently traded at $0.28 (good chance to buy in bulk). Indeed, Stellar (XLM) has what it takes to break out from its current situation soonest.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
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