Connect with us

Altcoins

Stellar Lumens’ XLM reaches Canadian exchange NDAX

Published

on

Stellar
READ LATER - DOWNLOAD THIS POST AS PDF

The new exchange supporting Stellar (XLM), National Digital Asset Exchange Inc. (NDAX) is a Canadian cryptocurrency exchange based in the province of Alberta. It was designed to serve both retail and institutional clients with the highest quality, security, and compliance with legal standards. Unlike most of the world’s crypto trade platforms, NDAX is fully integrated into the domestic Canadian banking system which allows for more fluidity between the crypto and the traditional financial systems.

Legality is a core issue for NDAX as it’s registered as a Money Service Business in Canada and it practices a philosophy to engage with regulators and traditional financial institutions in a way that can set a new standard in the Canadian cryptoverse. That emphasis on compliance allows NDAX to secure banking services provided by domestic institutions, and to keep the client’s funds in the domestic economic system, instead of sending them offshore.

Earlier yesterday, the Canadian platform announced it’s introducing Stellar Lumens native asset (called XLM) into its trading platform paired against the Canadian Dollar. Also, trading in this pair will remain free until January 31st, 2019.

It’s not typical for assets like XLM to be listed paired against the local fiat currency. Most commonly, exchange platforms around the world, do not allow for buying XLM directly but they pair it against Bitcoin. In other words: if you want to get some XLM tokens, you must first buy some Bitcoin and then you can use the trading platform to exchange them for XLM.

NDAX is not even going to offer an XLM/BTC pairing in the beginning, but it informed in the announcement it will be introduced as soon as a sufficiently liquid trading market develops. No time frame was mentioned for this.

Stellar Lumens is a third generation blockchain project that aims to be a full-fledged platform for decentralized applications and smart contracts based on its native token, XLM. It’s found lots of use cases in the traditional financial world. In this regard, it’s been following on Ripple’s steps and securing strategic alliances with some of the most important banks and remittance services in the world to make the settlement of international transactions as painless, safe, quick and cheap as humanly possible.

One of Stellar Lumens’ critical partners is none other than IBM. Big Blue has chosen this blockchain project as its only partner in the cryptosphere. That means that all the research and project development IBM is doing to explore the uses of blockchain technology will be carried out in association with Stellar Lumens and using Stellar’s technology. If you remember what IBM and Microsoft’s partnership did for Bill Gates in the 80’s and beyond, you’ll understand that this is a huge advantage for Stellar.

The NDAX announcement is great news for a project that’s been reporting lots of good news all year long, and that has managed to keep growing despite the bearish conditions in the market.

Stellar (XLM) is currently trading at $0.1562 in red numbers (6.89%). It’s capitalized at roughly 3 billion USD, which makes it the fifth cryptocurrency by market cap.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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 Pixabay.

Altcoins

Why BlocPal Is the Easiest Way to Accept Cryptocurrency

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

The face of the retail industry is always changing.

E-commerce is one of the fastest growing trends worldwide, and for good reasons.

It’s convenient, secure, and is effective at connecting merchants with interested shoppers from across the world.

For this reason, it’s no surprise that online shipping is expected to overtake brick-and-mortar stores globally by 2021, making it the world’s largest medium for retail. As the industry changes, it’s important for retailers to keep up with the latest technology so they’re able to accommodate more customers at once. This is where BlocPal comes in.

BlocPal offers business owners an easier way to process payments

BlocPal understands that not every business owner adapts to technology at the same rate. As such, BlocPal has been designed to optimize transactions for both online and brick-and-mortar companies so that every retailer can enjoy the benefits that come with the world’s first true multi-currency payment solution.

With BlocPal, business owners can enjoy the following benefits:

    • The ability to process payments in fiat (USD and CAD) currency as well as Bitcoin, Bitcoin Cash, Bitcoin SV, Litecoin, and Ethereum. Expect more currencies to be added as BlocPal…
Continue Reading

Altcoins

Lite.IM Dethrones Facebook After Integrating Crypto Wallet With Popular Messaging Platforms

Published

on

Lite.IM
READ LATER - DOWNLOAD THIS POST AS PDF

With the crypto markets in turmoil, especially after news about a potential hack at Cryptopia, traders and investors need to turn their attention away from day trading.  Instead, crypto traders really need to think long-term and identify projects that are sure to win in the long-term.  In particular, one crypto company is making major headlines after winning an all-important technology battle against the mighty Facebook.  That company is Zulu Republic (ZTX).

Zulu Republic Develops Lite.IM

Zulu Republic is an ecosystem of blockchain tools and platforms, designed as a place where people, businesses, and organizations can thrive on their own terms.  And indeed, Zulu Republic has hit a grand slam with their development of Lite.IM.

Lite.IM is a crypto wallet that has been integrated with several of the most popular messaging platforms such as Facebook Messenger and Telegram.  In addition, users in the U.S. and Canada can also exchange and manage crypto balances through SMS.  Although not all cryptocurrencies are available, the team has selected four of the most popular currencies which include Litecoin (LTC), Ethereum (ETH), Bitcoin (BTC), and the native currency of Zulu Republic (ZTX).

Telegram and Facebook Messenger are extremely popular platforms.  But, potentially even more exciting news, is that the Lite.IM team plan to announce WhatsApp integration in the next 1-2 weeks.  There is a reason why Facebook acquired WhatsApp in 2014, for…

Continue Reading

Altcoins

Will 2019 be the Year of TRON (TRX)?

Published

on

Tron (TRX)
READ LATER - DOWNLOAD THIS POST AS PDF

While even the best years cannot help sustain bad cryptocurrency projects, the good and strong ones can do much even when years are extremely bad for crypto. TRON (TRX) has proven this in 2018 by being one of the most active and most popular projects around.

Throughout the previous year, TRON has been making great progress, setting foundations for growth and expansion, which may eventually lead to its dominance over the crypto market. Now, 2019 has barely even started, and it already promises to be a year filled with potential and all kinds of different possibilities for this coin.

TRON in 2018

2018 has started with a market crash that has brought a lot of coins down from their all-time highs. This is true for TRON as well, and it did not manage to avoid being affected by bear market, no matter what its developers did. However, instead of trying to fight the market and its trends, they focused on expansion, development, partnerships, and future projects.

The first big step for TRON was the launch of its MainNet, with dozens of listings and partnerships being announced right before the final launch. After that, the coin transferred its tokens from Ethereum’s network, it had a Super Representative election, and it even managed to purchase BitTorrent, which was a part of a secret project back then.

The project was quickly…

Continue Reading

Elite