Altcoins News
By Steven Anderson
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Stellar Lumens Based Lightnet Vs. China and India
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Will Stellar Lumens sustain Competition for its User - Lightnet
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Lightnet is a technology based on the Stellar Lumens blockchain, and its focus is to replace the current payment systems like Swift and Ripple.
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Tridbodi Arunanondchai, Vice Chairman of Lightnet, stated that over the next three years, a total volume of 50 billion USD and more is the target.
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China and India are the target focus of Lightnet. The reason being both countries are the most populated in the world. The Lightnet Startup is based in Bangkok.
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The Lightnet payment service will be particularly useful to migrant workers who are looking to send their hard-earned money home.
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Lightnet is focusing on providing three innovative solutions, the names of which are BridgeNet, LiquidNet, and SmartNet. The tasks for the main platform are already over.
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Of note, Ripple and Stellar Lumens are offering cross-border transactions for a low cost. Ripple has previously announced its focus on expanding in the Asian Market in 2020.
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In the recent financial plan proposed by Stellar Lumens for the next decade with the remaining SDF of 30 million XLM for a variety of purposes.
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Giants are competing for the Trillion Dollar Remittance market. Will Lightnet survive the competition?
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At the time of reporting the news, Stellar Lumens was trading at $0.0480, and the 24-hour trading volume was at $129.69M.
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