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Stellar News: XLM To Dominate Cross-Border Payments

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Stellar news
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Cryptocurrency experts from all corners of the world agree that right now is the best time to buy Stellar (XLM). While the latest market behavior was far from perfect, and prices of many coins have dropped, cryptos like Stellar are extremely undervalued at this point.

At the time of writing, top cryptos are trading in the green, which might mean that the situation is getting better. Stellar’s current price is at $0.226430, with 2% increase in the last 24 hours. Despite the fact that this is far from a real bull run, analysts agree that the real price surge is bound to arrive sooner or later.

Recent Stellar news claims that this XLM price does not match its fundamentals, which places Stellar in a perfect position for growth. This is due to its nature, as well as the ultimate purpose for which the coin was designed.

What makes Stellar special?

Just like Ripple (XRP), Stellar also aims to revolutionize cross-border payments, and make them faster, cheaper, more efficient, and possible at any time of day or night. The largest difference between the two is that Ripple is focusing on providing its services to banks and other financial institutions, while Stellar aims to deliver the same to individuals.

In addition, Stellar has partnered up with IBM a while back, and IBM offers its own services to around 97% of the global banking system. In short, by partnering with IBM, Stellar also has a unique opportunity to get access to other IBM’s partners as well. Not only that, but IBM’s international payments solution allows these banks to settle any payment in fiat currencies, and not only Stellar.

This is a very big deal for banks since most of them are not ready to start working with cryptocurrencies, either due to laws in different countries or because of their own policies. Because of that, banks are more likely to go for those solutions that do not force them to deal with cryptocurrencies.

Recent Stellar news also claims that Interstellar is making game-changing moves, that are expected to make this coin’s blockchain even more interesting and attractive to banks and financial institutions. Some reports mention payment channels that plan to introduce new features, such as interoperability, privacy, and scalability. Privacy has always been an important issue when it comes to finances, which is another very important advantage for Stellar.

Scalability and interoperability are also very important. In the finance industry, thousands upon thousands of transactions are made every second, and Stellar’s system is making big steps to always be able to instantly satisfy the industry’s needs.

All of this points out to a massive use case for Stellar, which likely means that this is a coin that will never go away. As such, it can only grow as time progresses. For this reason, investors believe that buying the coin while it is cheap might bring them significant gains in the future.

The finance industry is a market with a worth of trillions of dollars. The coin that dominates this market will be the largest one in the world, and XLM stands more than a good chance to be that coin.

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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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Altcoins

Top 3 Cryptos to Serve as an Alternative to Bitcoin

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The crypto market continues to struggle on its way of reaching mass adoption, with most people focusing on Bitcoin. However, Bitcoin still has its fair share of problems, a few of which are quite challenging, with no guarantee that they will ever be fully solved.

While Bitcoin is, and has been the largest cryptocurrency from the moment it was created, there is no guarantee that it will remain at the number one spot forever. While this is mostly what skeptics tend to say, it is still a possibility that cannot be ignored. With that in mind, here are top 3 cryptos that might serve as an alternative to Bitcoin in the future, or maybe even now, considering how high its fees are, and how long its waiting periods tend to be.

1. XRP

XRP has become known as a ‘remittance coin’ due to its goal of providing better, faster, and cheaper international transactions. It was created by a company called Ripple Labs, and so far, it has been one of the best ways for sending money cross-border. It works in combination with Ripple’s products such as xRapid, fueling it and allowing for near-instant transactions at low fees.

The company has decided to offer its products to banks around the world, and most of the financial institutions decided to accept the offer. This is their way of trying to…

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Why HODLing XRP, BAT, and EOS is a Smart Idea

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The crypto market continues to grow, even though the prices of its many coins were severely damaged during the so-called ‘crypto winter’ of 2018. Even so, the market has grown a lot, and it currently features over 2,100 digital currencies, all parts of their own projects, with a goal of making an impact and entering the mainstream.

Of course, it goes without saying that not a lot of these coins have real potential. Many of them came to be during the ICO craze of 2017 and early 2018 when investors were willing to buy just about any coin. As a result, new startups emerged, each offering its own cryptocurrency. Most of these coins are believed to be bad projects with no future, with only a matter of time before they are declared ‘dead.’

However, there are several coins out there which are worthy of investing in, as well as HODLing on to them. Three such coins that we will focus on today are XRP, Basic Attention Token (BAT), and EOS.

XRP

Let’s start with XRP. This is a coin created by a company called Ripple Labs. As a result, the coin has a strong connection to the company, which many have taken as proof that it is not a real cryptocurrency, that it is centralized, and that it will eventually fade away as a bad project.…

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Why XRP is Worth Much Less than What Fans Expect

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The crypto world is currently facing an uncertain situation as a result of XRP value. Many fans of the digital currency are arguing that the worth should be higher than what it now. A poll taken by Twitter this year showed that 80% of the participants want XRP to be higher than Ethereum. The participant preferred the digital currency to occupy the second largest position against what experts thought. Since XRP has not offered much to improve its reputation, the participant’s reaction was surprising indeed.

From what we have seen so far, one question to ask is, why does the cryptocurrency have many supporters? The simple answer is that Ripple focuses on offering remittance services to its fans more than other digital currency. The company offers many products of which one known as xRapid a cross-border payment service impress many supporters.

Why Fans expect an increase in value

Weiss Ratings did not hide the fact that their agency is not supporting Ripple. However, they admitted that the global payment platforms which the cryptocurrency created are commendable. This commendation proves that Ripple has been impactful in that area of blockchain tech application. Also, the players in the community have seen these achievements as well. Therefore, it is not a surprise that they expect an improvement in the market cap and price of XRP

Many people have raised arguments…

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