Altcoins News
By Dan Saada
1 / 14
At the Stellar Meridian in Mexico City, the CEO of the Stellar Foundation announced that they are burning over 55 billion of XLM tokens, which is more than half the supply.
2 / 14
There were about 200 attendees. Dixon told me that they did not want to burn them, but he stated that they were thinking about "What we need next?"
3 / 14
"As much as we wanted to use the Lumens that we held, it was tough to get them into the market."
4 / 14
The burn shrunk the current supply to 50 billion. Some analysts opine that the burning process has made asset security.
5 / 14
Marco Montes Neri, the creator of the Saldo App, at the Meridian conference, stated, "If you want to touch real people's money, you need to play ball with regulators."
6 / 14
Jed McCaleb, the creator of the Stellar Lumens cryptocurrency, stated that they were always making sure that "Stellar is useful for actual people.
7 / 14
Denelle Dixon reinstated, "We need to focus on getting more regulators involved."
8 / 14
Governments do not tolerate innovation for too long. At a point in time, when they know the change is useful, they want to have control of it.
9 / 14
Linda Schilling stated the rise of cryptocurrencies has, in some ways, pushed central banks to think about how to compete."
10 / 14
Stellar Lumens has been doing a great job in unlocking the global economic potential and moving money unlimited money across the borders.
11 / 14
Asset-based tokens are going to trap the market in waves providing for improved liquidity of illiquid assets.
12 / 14
Satoshi Pay, located in Berlin, Germany, provides for micropayment requirements of clients. This micropayment solution is wholly based on a legal model.
13 / 14
Stellar powers IBM money Wire, and people have been using the network to send money globally for lower costs.
14 / 14
In several areas across the world where the local currency is not as certain, Stellar provides access to reliable money.
The Currency Analytics
Want the full story?