Stellar Lumens. Is this the Rocket that Actually Does Go to the Moon?

in #cryptocurrency8 years ago

Stellar (XLM) has been around since 2014. After the pop that most coins had last May, Stellar has spent most of the months that followed in the 1 to 2 cent range. But in mid-October, that range was done with. IBM announced they were currently using Stellar Lumens with a network of banks to transfer funds across borders in the South Pacific region. Lumens shot up to over 6 cents and eventually settled into a 2.5 to 3 cent range for a short period of time. Since then, the price has been making steady progress and is currently hitting highs about 9 cents.

In mid-November during the Fintech Festival, Stellar announced a Lumens ATM. Much of the details or plans for the ATM have not been revealed. My SPECULATION is that if Stellar is working with IBM, a network of banks in multiple countries and an ATM machine supporting Lumens, there will eventually be ATM’s deployed in some if not all those countries. This will give companies like Western Union a run for their money.

Stellar is also targeting developing countries such as Africa and currently has partnerships with institutions in Nigeria. So, they are not limiting themselves to the South Pacific region. I BELIEVE the future is looking excellent for Stellar and this could be a very inexpensive long-term hold that could pay off big.

My previous posts on Stellar:
https://steemit.com/cryptocurrency/@mikeflow/if-you-kept-your-powder-dry-on-stellar-lumens-now-may-be-the-time-to-start-taking-aim
https://steemit.com/cryptocurrency/@mikeflow/stellar-lumens-great-news-with-ibm-partnership-don-t-get-caught-in-the-fomo

Disclaimer: I am a holder of XLM. This is not a recommendation to buy or sell XLM. Just my humble opinion. Please do your own research before investing.

Best of luck and good fortune to you!

P.S. My absence of posts have been noticed by friends and followers and I give my sincere apologies. The second job has kept me busy and have not had time to do the research required to contribute meaningful posts. I have only had time to keep up with your posts and comment and upvote them. I will make every effort carve out time to post more often.

Coin Marketplace

STEEM 0.10
TRX 0.32
JST 0.033
BTC 111160.59
ETH 4047.55
USDT 1.00
SBD 0.62