The last month saw the Stellar network hit the opening credits for all the good reasons. The platform seems set for a massive expansion, as evidenced by the high profile support that the network is getting. The presentation of the next generation payment protocol, courtesy of IBM, a high-tech company has a global network of both institutional and individual users.
The network has also strengthened its presence on the market by acquiring Chain and transforming it into Interstellar. These two phases of infrastructure development have seen a great enthusiasm among the community and the main objective is to give Ripple's XRP a run for their money while they plan to release xRapid on the market in the coming days.
Stellar (XLM) and the beginning of the Ripple XRP competition
The formation of Interstellar and IBM support for the provision of global payment solutions XLM seems to have hit Ripple unexpectedly and this saw the XRP team quickly hint at releasing their highly anticipated xRapid software as direct competition to XLM.
Both currencies compete for the same market share and Stellar seems to have an advantage with the support of high-profile companies that have established networks in the financial market compared to Ripple whose support comes from individual banks with branch networks regional grouping
Stellar Superior Products Target High Value Partners
The entry of IBM Blockchain World Wire, Interstellar on XLM and xRapid on XRP have seen the prices of the gain of the two currencies in the last seven days. However, Stellar appears to be destined for a good run as the BWW will carry out transactions across borders in real time as settlement and settlements will be executed simultaneously.
"The sending of money across borders today requires a set of clearing and settlement intermediaries, each adding time and cost to the process.With IBM Blockchain World Wire, clearing and settlement purposes 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 integrate payment instruction messages, which means that funds can be transferred to a fraction the cost and time of the traditional banking system.
Development of a stable currency on a stellar network
News on the development of a stable currency have seen greater adoption of the Stellar network. platforms, the number of accounts has increased from 1 million to 1.25 million units in less than a month, with a greater number of expected by BWW, it is expected that other high-profile accounts will emerge soon
The acquisition of Chain Inc. will also increase in adoption as the outfit will allow companies to build systems sate arts that meet the modern demands of the financial sector. It also makes it easier to move digital resources and funds onto a secure, but globally open, platform, a company that has been elusive in the competition platform.
Stellar (XLM) Market Performance
Coinbase has increased XLM visibility and with new partnerships and acquisitions, the price seems to be increasing. At the time of reporting, the XLM currency traded double-digit gains to $ 0.268577 after an impressive 24-hour gain of 11.41% on the dollar.
The stable and stable XLM price has attracted more users to the ecosystem than the XRP which saw a growth of over 70% less than a day before collapsing to the current 24 hour gains of 0, 61%. With a seemingly stable market, betting on XLM offers a better value proposition than Ripple's XRP.