NASDAQ recently reported that Stellar Lumens still has one of the best stories to ride the crypto wave.

Reportedly, throughout the history of Stellar Lumens history, it had a high correlation with the price of Bitcoin.  Some of them call Stellar as a poor man’s Bitcoin. Since Stellar has more things happening, the bullish rally cannot be considered over.

The benefit of blockchain and its own native currency, the Lumen – makes it possible for Stellar Lumens to excel at cross-asset, cross-border transactions. The Lumen allows transactions to take place faster, easier and more cost-effectively.

Stellar being an open network for storing and moving money is borderless, limitless and powerful.  Stellar makes it possible to create, send, and trade digital representations of all forms of money like dollars, pesos, bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network and therefore it is all encompassing.

There are different global payment apps, which already leverage the many currency-backed tokens that are already there on the Stellar network.

Stellar provides a built-in decentralized exchange for crypto, forex, or securities. Users can swap between tokens using simple functions built into the protocol.

Micropayment services has a huge following as Stellar powers payments of any size with Stellar’s low, flat fees and fast transactions.

Large enterprise companies and companies which are as small as single-dev startups have chosen Stellar to move money and access new markets.

Warren Davidson tweeted:  Thank you to @RepDarrenSoto, @RepJoshG, @RepTedBudd, & @RepScottPerry for cosponsoring my #TokenTaxonomyAct. It’s time for Congress to give this emerging industry the clarity it needs to continue changing the world with #blockchain.

In response Denelle Dixon expressed:  Great to see the Token Taxonomy Act introduced today by Warren Davidson and his colleagues — thank you for leading the way to bring regulatory clarity for digital assets and doing it through close private-public partnership!

Users will feel that it is only going to be positive by taking a position with Stellar. Global transactions are increasing whether about sending money to families on in global e-commerce transactions, therefore the services rendered by Stellar have a huge market.

Being an open network for storing and moving money, people are increasingly adopting to cryptocurrencies which do better as a whole. Several major financial institutions have adopted to their technology and more of them are adding day by day.  The transactions and numbers of members are only increasing day by day.