Stellar Lumens (XLM) Applications with Simple User Interface for Mass Adoption

By Maheen Hernandez May 9, 2020 Off
Stellar Lumens Mass Adoption

Stellar Lumens (XLM), just like several other digital assets, are excited about their line up at Consensus Distributed.

Stellar tweeted: “Don’t forget to register for Consensus Distributed so you can watch us live next week as we present in the Foundations track. We’ve got a great line-up: @denelledixon, @jedmccaleb, @karenhsumar, @CraigDSTOQ, @cowrie_exchange, @KeybaseIO.”

GrayScale recently acknowledged that XLM and the Stellar Network have got the potential to become the preferred currency and payment platform for low cost, a cross-border transaction with widespread adoption.

As a part of Grayscale Insights have already stated, Together, XLM and Stellar strive to achieve greater financial inclusivity by connecting the entities ranging from merchants and financial institutions to individual users, especially those without access to traditional banking services.

Sydney Ifergan, the crypto expert, tweeted:  “Stellar Lumens (XLM) is special among all digital assets as they are giving special emphasis to reach out to the unbanked.”

Stellar announced that the first pre-release of the Kelp GUI is available for download.

Stellar Lumens (XLM) Mass Adoption

People are yet to learn about the benefits of the Stellar Network.    Being able to pay businesses in crypto/stablecoins and have them settle in fiat will be one of the key factors that will drive the mass adoption of blockchain networks.

When it comes to mass adoption, it should be easy to use and less or not complicated at all.  Even with the best tech, when people are not sure of how to use it, then it might not serve the purpose it was actually intended for.  No KYC, according to several users, might help mass adoption. Also, Stable coins are playing a big role in the process.

If businesses and governments would use XLM for paying their employees with less processing time, XLM evolving to be more efficient and cost-effective than legacy systems by facilitating interoperability of other cryptos can also contribute to mass adoption.

Applications with simple user interface, swapping crypto for fiat and fiat for crypto, and the important of all educating people about the value of decentralized applications, smart contracts, and use cases will help adoption.

Many people do not understand the concept of money.  They do not understand double-spending, single point of failure, scarcity, and why of crypto.  Education is crucial.

Denelle Dixon stated that she is excited about what might be able to share next week with her SDF colleagues and the Stellar Ecosystem Partners to talk about the strength of their network in 2020 after their line-up for the Consensus Distributed Foundations.