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Stellar Builds the Bridge Between Blockchain and Traditional Finance System

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At present, Stellar Lumens has come to the 8th spot on the crypto market with a value of $0.202. The status of the coin seems to be quite good in the market as it was recently made available on crypto exchange platform CEX.IO.

They have even made it quite user-friendly by allowing their users to pick the currency of their choice, which is EUR, USD, or BTC. The user-friendly cryptocurrency also offers instant buy for Stellar XLM directly with VISA or Mastercard now. Android and iOS have also made it feasible for withdrawals. Although the digital coin went through a dip, these are promising adoptions that could help the value go up.

In terms of cross-border payments, these are innovations that can boost its value to an extent where one of the major cryptocurrency Ripple could get affected. Sometime in 2017, stellar was reported to be one of the potential coins to make it big in the market.

That speculation was made because of the coin’s partnership between IBM, and this was opening doors to cryptocurrency’s network to facilitate cross-border payment.

Stellar is working towards clearing the disputes that go on between the blockchain technology and traditional finance companies. They are making it possible to build affordable financial products for their company, thus making it familiar and efficient.

Subsequently, the CEX platform has made sales smooth and really quick as the transactions are based on FOK (Fill or Kill) orders. This makes all orders to take place immediately, and they also assure successful transactions. The CEX site calculates exchange rates within 2 minutes after which it gets frozen.

The company is also trying to make it risk-free for its customers. To avoid the on and off-price variations in the cryptocurrencies, the rates are adjusted and kept in advance. The users are also guaranteed that they will get the very same amount that has been agreed.

Stellar seems to be making an effort that will take them a long way in the crypto market. Although other coins have made similar attempts, stellar appears to be getting into details and making the coin more efficient.

Rather than transforming the financial payment methods now, this digital coin is looking to integrating within the tradition financial structure, thus handcuffing the entire system by keeping the benefits that come with the blockchain technology. This integrated platform in partnership with the various banks and payment gateways makes it trustworthy and customer-friendly.

The coin stood at a value of $0.91 in January. After this hike, stellar saw a dip and had been facing the reputations of the significant fall of the cryptocurrency market last month.

But then this again shot up and the currency, currently, stays at $0.20 as of today (Wednesday 11, 2018) – valued at +6.86% against the US dollar and +2.23% against bitcoin as far as the increment is concerned. Looking at this trend, it looks like Stellar will do really well in the near future and might also be a threat to many other digital currencies.

We will be updating our subscribers as soon as we know more. For the latest on XLM, sign up below!

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.

Image courtesy of barnyz via Flickr

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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crypto billionaire
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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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TokenRoll
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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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