Shift Markets + Stellar News

Disclaimer: This article is not financial advice. The author is not a financial advisor and this article was not paid for.

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Unless you’ve been sleeping under a rock, you’ve probably heard the recent news surrounding Stellar’s partnership with Shift Markets.

The purpose of this article will be to speak about that development as well as make inferences on what this may mean for Stellar in the near and distant futures.

What Are Shift Markets?

Before we can really get into this partnership, it is important to first become familiar with what what the entity, ‘Shift Markets’, is and what they do.

Their website is located here:

Start A Crypto Exchange
_SHIFT provides a turn-key solution to launch your own FX and crypto exchanges, featuring trading technology, legal &…_www.shiftmarkets.com

More or less, what you see on the homepage, in a lot of ways, encapsulates what they are.

Below, is a concise definition of the service that Shift Markets provides its clients:

Source: https://www.shiftmarkets.com/about-us/

So, in a nutshell this is a service that helps its clients to launch their own exchanges and trading desks and also provides tools and resources to help facilitate this launch as well.

Their primary selling point is that they are able to facilitate the erection of such entities and platforms in a simpler manner than their alternatives/substitutes/competitors in the space.

Shift Markets are a subsidiary of the cryptocurrency $SHIFT

Information about the $SHIFT cryptocurrency

Here is a brief description from the Quaero bot on Telegram:

SHIFT is a Web 3.0 network for decentralized applications giving developers powerful and easy to implement smart contract solutions for practical use cases. Based on Ethereum it offers a full turing-complete smart contract programming language.

Continuous development of SHIFT will bring the release of STAKENODES and PHANTOM, which in combination form the base layer for a truly decentralized web server network that pays its users to host content and provide bandwidth, taking away the need for VPS or other hosting providers.

Seems simple enough, although not necessary incredibly unique when analyzing the individual features that it offers users ($SHIFT users will probably call that bit of analysis slightly short-sighted, but we’ll have to live with it for today).

Here are their social media links if you want to dig in and find out more information about them:

Homepage: (http://www.shiftnrg.org/)
Whitepaper: (http://www.shiftnrg.org/#roadmap)
Twitter: (https://twitter.com/ShiftNrg)
Facebook: (https://www.facebook.com/ShiftNrg)
Github: (https://github.com/shiftcurrency)
Slack: (https://shiftnrg.slack.com/)

Explaining the Partnership Between Shift Markets and Stellar ($XLM)

This article here in FinanceMagnates summarizes a number of critical points about the partnership between the two entities:

SHIFT Markets Launches New Accord with Stellar | Finance Magnates
_This Privacy Policy sets out how Finance Magnates LTD uses and protects any information that you give Finance Magnates…_www.financemagnates.com

An excerpt from the article cited above summarizes the synergistic relationship between the two, perfectly:

“ SHIFT Markets has announced a new partnership with Lightyear to support the integration of Stellar technology into the growing crypto market. SHIFT presently services upwards of sixty crypto exchanges on a global basis, with the most recent partnership greatly enhancing the adoption of Stellar’s lumens (XLM).”

If you’re not too terribly familiar with Stellar Lumens, it is essentially a blockchain that is suited to assist development in the financial services industry.

This explains why IBM is looking to build its stable token on top of $XLM.

Conclusion

This is undeniably positive news for $XLM.

As for the long-term implications of the partnership, that’s anyone’s guess.

There are a few things that we know to be true though, which are:

1. It bolsters the claims that Stellar’s platform has made about its capabilities if they are successful in this endeavor as well.
2. It’s another notch under Stellar’s belt, and its beginning to get a lot of those as of late.
3. It furthers their reach on the financial services sphere (legitimate partnerships).

Obviously, if you’ve been tracking the price, you’ve seen the palpable impact that this has had there as well.