Home Altcoins NewsBlockchain Anyone Knows What BridgeNet LiquidNet and Smartnet from XLM Stellar Lumens Is

Anyone Knows What BridgeNet LiquidNet and Smartnet from XLM Stellar Lumens Is

Stellar lumens bridgenet liquidnet smartnet

Denelle Dixon tweeted:  “Lightnet is building a financial mobility network on @stellarOrg that can provide financial access to billions. Happy to see this incredible support for their growth!”

The price of Stellar Lumens has been trending around at $0.054515, with the 24-hour trading volume at $298,111,814. XLM price is up by 3.4% over the past 24 hours. The circulating supply is 20 Billion coins with a max supply of 50 Billion coins. Currently, traders are prospecting on a short-term investment.

The technical indicators for Stellar confirm a Bullish move, and the price trend is optimizing from the overbought region.

RDCrypto tweeted:  “The number of Stellar accounts keeps increasing at a rapid pace. Now up to 4.6 million.”

Stellar Lumens XLM Lightnet BridgeNet LiquidNet and Smartnet

CryptoChicken tweeted:  “Anyone knows what “BridgeNet, LiquidNet and Smartnet” is???” We are yet to get the answers to this question from Lightnet. We now know it is a payment solution for the unbanked.

Sydney Ifergan Crypto Expert Tweeted: “What are BridgeNet, LiquidNet, and Smartnet from Stellar Lumens Lightnet? What kind of banking solutions are they for the unbanked.”

Lightnet is focusing on moving $50 bn in International payments per annum.  This target is set for achievement on the Stellar Network by 2022.

Recently, the Stellar Network-based Lightnet, a Bangkok-based fintech company, raised $31.2 million in funding during their “Series A” financing round.

Lightnet has partnered with Interstellar, the commercialization wing of the Stellar Development Foundation.

Stellar Lumens XLM Lightnet Partner With The Best

Mike Kennedy, CEO of Interstellar, stated, “The best way to scale is to partner with the best, most reputable companies that have a lot of endpoints.”

Stellar Network is focused on the financial inclusion of the underbanked, and low-cost remittances achieve just that.

Jed McCaleb, Chief Architect of the Stellar Development Foundation, opined, Lightnet is contributing to the world that Stellar Network is focusing on building.  The products from Lightnet will serve as a testament to redefining domestic and international payments in the decentralized global market place.

The native token of Stellar Lumens XLM will be used as the means to move funds between the parties. 

While the Series A funding is meant to build technology and establish partners, since the Lightnet already has the technology in place, the current financing will get used towards further strengthening of the Lightnet investment.  The Lightnet team is all set to facilitate the next-generation financial mobility network.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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