Adoption is growing rapidly as 800 companies use the XLM blockchain

Source: Wit Olszewski – Shutterstock

• The Stellar Lumens-based XIM Token records an all-time high in the number of business entities that hold and use it.
• More than 250 companies from various industries publicly admit to using the XIM token.

During 2020, Stellar Lumens has reached some of the most important partnerships in its history. From becoming one of three blockchains that will host CENTER’s issued USDC stablecoin to being part of the expansion of cross-border payments in Africa, Stellar Lumens adoption is growing rapidly. One of the most successful tokens issued on Stellar Lumens is XIM.

Launched in March 2018 by XIMcoin, part of SecureLC Limited, XIM is a resource created for global exporters, importers, manufacturers and sales agencies. It was designed to instantly settle international business-to-business transactions, to allow for quick exchange with fiat and other cryptocurrencies, and to allow online shopping with merchants that accept XIM, among other features. According to his white paper:

XIM was created as a means to overcome the set of transactional problems frequently encountered with the telegraphic transfer system, commonly used by banks. As a very affordable alternative, XIM is a transaction platform that provides faster, safer and less expensive cross-border transactions.

As the chart below shows, XIM adoption has increased and has surpassed its all-time high of investors holding it. Since 2019, XIM has experienced sustained growth in these terms, currently reaching over 800 entities that use XIM to settle their transactions.

Source: https://stellar.expert/explorer/public/asset/XIM-GBZ35ZJRIKJGYH5PBKLKOZ5L6EXCNTO7BKIL7DAVVDFQ2ODJEEHHJXIM?filter=asset-holders&order=desc

Companies that have adopted XIM tokens based on Stellar Lumens

Among the business entities that trade with XIM to organize their international payments is Pax Health Safety. A manufacturer, importer and exporter that creates medical equipment to protect specialized personnel. They have worked for the United Nations and governments around the world.

Another entity that has adopted XIM is Atharva International Trade. A company that exports foods such as fruits, vegetables and other products to customers in the United States, India, Dubai and parts of Europe. The company is “recognized globally as one of the fastest growing groups integrated into the agricultural supply chain,” according to its website.

Bhanu Exports is another food exporter that has adopted XIM. However, this company claims to have “direct contact” with producers, farmers and others within the food supply chain. The company pays special attention to supporting small businesses.

In addition to the corporate entities mentioned, there is a list of over 250 companies that have publicly adopted XIM. These include the energy, entertainment, telecommunications and construction sectors, among others.

The level of adoption of the Stellar Lumens blockchain was reflected in the price of its native XLM token. At the time of publication, XLM is trading at $ 0.20 with a 2.98% gain over the past 24 hours. In the weekly and monthly charts, XLM records gains of 53.54% and 157%. Therefore, it is one of the biggest winners in the top 20 of cryptocurrencies.