The Currency Analytics

Why Stellar is important to make money better globally- Sydney Ifergan

By Sydney TheCMO

Kudos to Jed McCaleb & Joyce Kim

Easy forex conversion at best rates

What makes Stellar so crucial today?

Reliable money is almost a myth for many countries. Local economic disruption could leave a devastating effect on families in several nations such as Venezuela, India or Argentina.

Stellar was founded in 2014 by Mt. Gox founder and Ripple co-founder Jed McCaleb and erstwhile lawyer Joyce Kim.

Essentially, Stellar is a multi-currency payment backend which can be used by thousands and thousands of people every day to settle payments, issue assets and trade.

McCaleb and his team have also developed a non-profit organization, Stellar Development Foundation (SDF) to support the growth and development of Stellar network.

Stellar houses a distributed exchange framework where users can send payment in any currency of the world even when they are holding USD credit.

It’s just that you would have to hold Lumens or Stellar cryptocurrency (XLM) in order to move money or hold money on Stellar.

Stellar and SDF is guided by the mission to explore the optimum potential of global economy by making money more fluid, creating more open markets and empowering people to make…

It’s true that XLM prices are witnessing a bearish trend of late. But, we shouldn’t also deny the fact that Stellar has been able to emerge as a promising project which has…

Read Full Article