3 Reasons Why 2018 is Going to be Big for Stellar Lumens
Stellar had a big year in 2017, with the value of XLM flourishing 250 times from 0.002 to 0.50 USD. A lot of this expansion was due to the long list of partnerships formed, as well as Lumens being made so permitted after being listed on Binance. Stellar is not negligence down though; 2018 is going to be packaged with big events that will keep the recognition rising. This year, Stellar is going to see increasing real-world adoption, turn more permitted to the ubiquitous public, and be integrated into a game-changing cryptocurrency project. If you haven’t invested in XLM yet, you can follow this beam to get you started.
1. IBM is already using Stellar Lumens for real-world applications
In Oct of 2017, the vast tech association IBM announced that they would be working with Stellar to furnish a blockchain-based resolution for cross-borders banking. Currently, promulgation income to different countries is a long, costly procedure; transfers can take 3-5 days to process and need banks to constantly have vast amounts of collateral tied up. Stellar can be used to solve this problem because it can be sent cheaply, securely, and quickly. Transactions using Stellar Lumens settle in 5 seconds and cost a fragment of a cent each – a outrageous alleviation that would advantage both the banks and their customers.
Since the announcement, IBM’s new system has left live and is now being used opposite Australia, New Zealand, and the United Kingdom. Jed McCaleb, a co-founder of Stellar, settled during the SparkLabs discussion in Dec that 30 banks were already using this system, with more to come at a after date. IBM have settled that they design this system to routine up to 60% of all cross-borders payments in the South Pacific’s sell unfamiliar sell mezzanine by early 2018.
In serve to improving ubiquitous payments, IBM will be expanding this system to incorporate more formidable day-to-day financial sell into the blockchain. In the future, the blockchain-based system could be used to promote loans. The agreement terms would be firmly stored in the blockchain, where they could be easily accessed and protected from tampering.
2. Stellar ATMs are about to make Lumens more permitted than ever
At the Singapore FinTech festival in Nov of 2017, an ATM that upheld Stellar Lumens was showcased. During the demonstration, Singapore Dollars were extrinsic into the ATM, which automatically purchased XLM and sent them to a selected wallet address. The retreat was also possible, Stellar Lumens could be cold from a wallet into Singapore Dollars, which were then now dispensed from the ATM. Michael Dowling, the organisation CTO at IBM, was understandably vehement by this technology; he common it on Twitter, saying that this would open liquidity between fiat currencies and XLM.
Easily being means to squeeze Lumens with fiat banking is very critical for the destiny of XLM. These ATMs will make it impossibly elementary for the ubiquitous open to entrance and send XLM, so they’ll also support the adoption of cryptocurrencies in general.
These ATMs could be rolling out earlier than you think. The profits printed by the ATM at the FinTech festival review “NFT Mobile Money ATM Receipt”, which means they’re made by NFT Consult, a association that has already implemented identical ATMs in Africa. The ATMs that are now commissioned in some third universe countries concede users to deposition paper income and now send it to anyone they want – the hardware compulsory for Stellar ATMs is already available and operating. After an refurbish for the existent machines to support Stellar transactions, the doing of these ATMs around the universe could lead to a vast adoption of XLM.
3. FairX will implement the Stellar network
FairX is an arriving crypto sell that will be powered by the Stellar network – it is set to make vast waves in the cryptocurrency world. They aim to concede trade directly between fiat currencies and cryptocurrencies, identical to what is offering by Coinbase. The big difference, though, is that FairX will concede users to trade a much wider accumulation of cryptocurrencies, not just Bitcoin, Ethereum, Litecoin, or Bitcoin Cash. The sell is still in development, but the information they have released on Twitter paints a very earnest picture.
Stellar Lumens can be sent fast and cheaply, creation them an appealing fortitude for the FairX exchange. The Stellar network should give FairX a outrageous advantage over Coinbase, as it will concede them to offer quicker sell and reduce fees. FairX will have a genuine possibility at apropos the new default fiat to cryptocurrency gateway, a pretension which Coinbase has hold for a long time.
As more people start using FairX, the Stellar network will see a outrageous boost in trade and liquidity. This is good news for Stellar investors, as the increasing direct will see the value of XLM rise. You won’t have to wait long either; the beta recover of FairX is scheduled for late Jan or early February – potentially reduction than a week away.
From just these 3 reasons alone, it’s pretty easy to see that 2018 is going to be very big for Stellar. Lumens will be adopted for more real-world applications, turn way more permitted to users and new investors, and the direct for XLM is about to skyrocket. All of this will really serve settle the position of Stellar Lumens as a profitable cryptocurrency that is here to stay. If you want to join the Stellar village and deposit in XLM, but you’re not sure how, you can follow this beam for purchasing cryptocurrencies.
Article source: https://theripplecryptocurrency.com/stellar-lumens-2018/