Stellar Lumens (XLM) is a cryptocurrency developed by the Stellar Development Foundation in 2014, with the aim of facilitating fast, low-cost cross-border transactions. In Asia, several companies and institutions have adopted Stellar technology to improve their financial services. Here are some of them:
Nium: This Singapore-based global payments platform company has partnered with the Stellar Development Foundation to enable payments to 190 countries. The partnership allows companies building on the Stellar network to leverage the Nium platform for near-instant payments without the need for pre-funding.
IBM: Despite being a multinational company based in the United States, IBM has used the Stellar network for a cross-border payments project in the Asia Pacific region. The project aims to provide banking infrastructure to several remote islands that previously had no access to financial services.
Rekeningku.com: This Indonesian cryptocurrency exchange platform has been trading XLM since January 2019. Users of this platform are quite enthusiastic about XLM, with a daily transaction volume of around IDR 400 million. Transaction speed and low fees are the advantages of XLM that are in demand by users.
Gopax Indonesia: This South Korean crypto exchange that entered Indonesia also immediately listed XLM when it debuted in Indonesia in December 2018. Fundamentally, XLM's prospects are considered attractive because it operates on its own blockchain network, just like Bitcoin and Ethereum.
The adoption of Stellar Lumens by various companies and institutions in Asia shows the potential of this cryptocurrency in revolutionizing the payment system and financial services in the region.
