Stellar Lumens (XLM) Cowrie’s cross-border payment services on blockchain Talk WorthyMarch 17, 2020
Cowrie’s cross-border payment services for Nigeria powered by Stellar $XLM is the recent talk worthy event.
Cowrie listed a few reasons for having chosen Stellar, which included fast consensus, low-cost transactions, issuing/tokenization model, DEX, programmable transactions, defined integration standards, and tailor-made payments with the advanced financial protocol.
In a recent webinar NGNT as an asset-backed digital token was issued on Stellar.Org.
Stellar Lumens (XLM) is considered to be one of the best open networks for payments, because, the idea of being able to send money to anyone from across the world without the intervention of third parties in less than 5 seconds is considered energy efficient.
Also, transaction fees are low and very predictable. The transactions are, for the most part, final and are non-reversible. Therefore, when someone receives a payment with XLM, they can be sure that it will not be rolled back. There is no need to worry about miners, unstable block times, nor is there a need for a said number of confirmations before accepting payments.
Sydney Ifergan, the Crypto Expert, tweeted: “The possibilities with Stellar Lumens (XLM) are endless, particularly in facilitating wide ranges of use cases. How Unique? Because everyone is improving on their use case.”
Therefore, Stellar Lumens facilitates a better user experience when compared to several other decentralized systems like Bitcoin or Ethereum.
Stellar Lumens (XLM) Focus on Technology
Several investors are practical enough to understand that the price trends on the charts are not long-lasting. Many of them have decided to stay away from price discussions. Some of them have even decided not to look at coinmarketcap to focus on technology.
When there is a storm in the financial market, people are looking to invest in profitable digital assets. Those who are new to Stellar are trying to learn about the Stellar Network. Investors interested in cryptocurrency are looking at a digital asset that can be used to scale with definitive finality, and the transactions can be processed in just a few seconds.
Stellar is empowering the next generation of investors. In an economic environment where there are changes forever, investors are working to facilitate creative solutions which will provide the required liquidity for businesses.
Stellar Dev Digest Issue #34 is out, and the publication is back on schedule. It continues to be useful for developers to get an insight into the significant happenings in the network.
The price of the Stellar Lumens (XLM) is dropping steeply, and it has already tested the support levels at $0.033.