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Recent Developments of Stellar: Mobile Phone Network YOVO - Global Coin Report
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Recent Developments of Stellar: Mobile Phone Network YOVO

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Stellar
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Stellar Lumens (XLM) is currently ranked 8th according to market cap evaluation, as per coinmarketcap.com. An entrant in the cryptocurrency market in 2014, Stellar Lumens started with the aim of bridging the gap between the financial world and the world of virtual currencies. Along the way, Stellar has achieved a string of partnerships with many giants in tech and finance like IBM, Deloitte, and Stripe.

Stellar Lumens has also partnered with several financial institutions and payment processors in Europe and Asia. Some had argued that Stellar Lumens had started out as a hard fork from the Ripple protocol as both the crypto coins were founded by Jed McCaleb. However, Jed McCaleb had set the issue straight through a Twitter post by highlighting the fact that Stellar is not a hard fork of Ripple.

Stellar looks forward to becoming the digital medium and means by connecting banks, people, and payment systems, and progresses towards this path rapidly. The system will allow the users to send large as well as small sums to anyone, anywhere in a quick and secure method at prominently low costs.

Stellar Lumens (XLM) does not require any mining and is much faster than Bitcoin. The network can conduct hundreds of transactions per second. The Stellar Consensus Protocol (SCP) ensures that the transactions are performed at a rapid speed in a secured way. It is estimated that in the retail exchange corridor, over 50% of the cross-border payments in the South Pacific region are conducted with the help of Stellar Lumens. IBM along with Stellar are trying to incorporate blockchain technology into the banking infrastructure even in the most isolated islands in the world.

Stellar Lumens with world’s cryptocurrency mobile phone network YOVO

The world’s first cryptocurrency mobile phone network, YOVO has chosen the Stellar network. The interested can buy YO token or earn it and then, spend them over 500 mobile network partners. The users will have access to over 130 countries post-launch. This will enable the users to perform tasks such as checking out new apps and dApps by downloading them. The users can also do shopping, receive a call or text through the virtual SIM, and perform several other micro-tasks. The launch will also make it possible for the users to sign up at a new cryptocurrency exchange and earn more and more virtual currencies.

The Twitter post of YOVO had announced the launch on 6th June 2018 says, “We’re very excited to share something we’ve been working on. Our universal top-up service YOVO GO lets you pay your phone bill with crypto almost everywhere – with support for over 500 operators worldwide from day one. Launching soon!” The launch took place today (14th June 2018).

At the announcement of the launch, the YOVO team had praised the Stellar Lumens protocol as “the fastest protocol for building financial products that connect people everywhere”. This will most likely turn out to be an exciting business venture where cryptocurrency, especially the Stellar network will make new advances in industry application. It is highly expected that the YOVO launch will worry the large telecommunication players as this innovative approach is sure to grab the attention of the professionals as well as the public. The company has raised an initial €20 million as funds for this venture.

YOVO GO, expected to be released in this month itself that can be used to monitor and pay for various mobile services through the virtual currencies. The objective is to serve the “digital money customers with mobile service from our Malta HQ and be an active part of the broader blockchain community that’s growing daily on blockchain island.”

Price Details

For the past month, the price of XLM ranged from $0.20 USD to $0.36 USD. The market shows its usual volatility and the CoinRail hack had also made a little impact on the price action of Stellar (XLM). The CoinRail hack had affected almost all the major cryptocurrencies. The YOVO launch and Stellar’s participation in it will most likely result in better market performance. At the time of writing, as per the coinmarketcap.com, the price of Stellar Lumens (XLM) shows $0.232 USD (4.04%) approximately. The market cap of Stellar (*XLM) shows nearly $4,333,858,663 USD while the volume (24h) is over $52,881,000 USD. (As of 14th June 2018)

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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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