It was a week of contact for all crypto-enthusiasts. Especially for those who negotiate for a short-term gain as in just two days the entire market capitalization has fallen from $ 239 billion to just over $ 200 billion. The rigorous sale did not take pity. One of the coins that is trying to get back on its feet is the fast Stellar Lumens XLM.
Stellar (XLM) Latest
By hour of writing, the XLM / USD pair is the highest gain for the last day of marking 4.42% in the green. Trading just above the $ 0.2000 level, the bulls are struggling to take over the major $ 0.2100 as they are returning for a new test after failing to do so.
Bearing in mind that Stellar wants to refocus the existing money transfer system with his platform, his team is constantly working to do so by collaborating with various giants to support his infrastructure for further expansion. With this mindset, he partnered with IBM's flagship company to develop a Stellar-based payment solution that aims to compete directly with solutions designed by other initiatives. The most important competitor is Ripple XRP xRapid and xCurrent.
Read also: Stellar Lumens (XLM) Vs Ripple & # 39; s XRP: Round Two
Just recently, IBM announced the new "Blockchain World Wire" offering a "new financial track that can simultaneously liquidate and adjust cross-border payments almost in real time ". Prior to this, the technology giant has made public how using the sixth largest coin blockchain technology solution will develop a stable currency supported 1 for 1 with the dollar.
"The sending of money across borders today requires a series of intermediaries for both clearing and settlement, each of which adds time and costs to the process, with IBM Blockchain World Wire, clearing and settlement with purpose they occur almost in real time.The solution uses digital resources to regulate transactions – which act as an agreed deposit of value exchanged between the parties – as well as supplement the messages of payment instructions.This means that now the funds can be transferred to a fraction of the cost and time of the traditional banking system.
The stability of the currency described above may have even raised the million accounts in his ledger According to the block explorer for the Stellar network, the number exact account is 1.247.730 at the time of writing this.