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Understanding Stellar XLM: A Comprehensive Guide
Stellar XLM is a decentralized blockchain platform that aims to facilitate cross-border payments and exchange of currencies. Launched in 2014, the platform was founded by Jed McCaleb, the co-founder of Ripple, with the goal of providing a more efficient and affordable alternative to traditional banking systems.
Stellar uses its native cryptocurrency, Lumens (XLM), as a bridge currency to facilitate the exchange of other currencies. The platform supports both fiat currencies and cryptocurrencies, allowing users to send and receive payments in a variety of currencies, including USD, EUR, BTC, and ETH.
One of the main features of Stellar is its fast and low-cost transaction processing. The platform uses a consensus algorithm known as the Stellar Consensus Protocol (SCP) to validate transactions, which enables faster transaction times and lower fees compared to other blockchain platforms.
Another important aspect of Stellar is its focus on financial inclusion. The platform aims to provide access to financial services for people who are unbanked or underbanked, particularly in developing countries. Through partnerships with various organizations, Stellar has launched a number of initiatives to provide affordable financial services, including microfinance and remittances, to people in these regions.
Stellar's governance structure is also unique, as it is overseen by the Stellar Development Foundation (SDF), a non-profit organization that is responsible for the platform's development and maintenance. The SDF is funded through donations from various sources, including the initial distribution of Lumens and grants from organizations such as the Bill and Melinda Gates Foundation.
In conclusion, Stellar XLM is a promising blockchain platform that aims to revolutionize cross-border payments and promote financial inclusion. Its fast and low-cost transaction processing, support for multiple currencies, and unique governance structure make it a strong contender in the blockchain space. With continued development and adoption, Stellar has the potential to transform the way we think about global finance. #Binance #BTC #BNB #crypto2023 #xlm
Stellar uses its native cryptocurrency, Lumens (XLM), as a bridge currency to facilitate the exchange of other currencies. The platform supports both fiat currencies and cryptocurrencies, allowing users to send and receive payments in a variety of currencies, including USD, EUR, BTC, and ETH.
One of the main features of Stellar is its fast and low-cost transaction processing. The platform uses a consensus algorithm known as the Stellar Consensus Protocol (SCP) to validate transactions, which enables faster transaction times and lower fees compared to other blockchain platforms.
Another important aspect of Stellar is its focus on financial inclusion. The platform aims to provide access to financial services for people who are unbanked or underbanked, particularly in developing countries. Through partnerships with various organizations, Stellar has launched a number of initiatives to provide affordable financial services, including microfinance and remittances, to people in these regions.
Stellar's governance structure is also unique, as it is overseen by the Stellar Development Foundation (SDF), a non-profit organization that is responsible for the platform's development and maintenance. The SDF is funded through donations from various sources, including the initial distribution of Lumens and grants from organizations such as the Bill and Melinda Gates Foundation.
In conclusion, Stellar XLM is a promising blockchain platform that aims to revolutionize cross-border payments and promote financial inclusion. Its fast and low-cost transaction processing, support for multiple currencies, and unique governance structure make it a strong contender in the blockchain space. With continued development and adoption, Stellar has the potential to transform the way we think about global finance. #Binance #BTC #BNB #crypto2023 #xlm
XLM: How It Plans To Navigate Bearish Market Sentiment
Despite the recent negative market trend, XLM, the governance token of the Stellar blockchain, is defying the odds in the crypto market.
According to CoinGecko, the token has experienced substantial gains in all timeframes, with the highest increase seen in the bi-weekly timeframe at nearly 29%.
This recent market rally can be attributed to on-chain developments that have propelled XLM to new heights.
Recently, the official Twitter accounts of Circle and Stellar announced that USDC, one of the largest stablecoins in the market, is now available on the CoinMe wallet. This move significantly expands the reach of both organizations and highlights the advantages of the Stellar ecosystem and potentially give a boost in price to XLM.
ICYMI: #USDC on @stellarorg is now available in the @Coinme wallet.Â
Excited to help additional communities experience reduced costs and faster settlements for peer-to-peer transactions. https://t.co/JqS7t4gbbZ
â Circle (@circle)Â March 28, 2023
Stellar Links With Polkadot
Adding to the bullish momentum, Stellar has now been connected to Polkadot through the Pendulum parachain, which is being touted as the final link between fiat and DeFi.
USDC will also flow between Polkadot and Stellar, further advancing Stellarâs position as a bridge between the traditional financial system and the crypto market. This position was already strengthened by its 2021 partnership with Moneygram, a fiat cash transfer platform.
Stellarâs recent efforts to position itself as a money transfer and payments platform could help restore USDCâs reputation as a safe asset for investors. However, it may take some time for the market to fully regain trust in USDC as a stablecoin, and caution may still prevail.
XLM: Upbeat In Overcoming Bearish SentimentÂ
Meanwhile, XLM has encountered resistance at the $0.1129 level, which could lead to potential downside in the coming days. If the bulls succeed in overcoming this resistance, we may see further upside for the token. However, given the current bearish trend in the market, this outcome is uncertain.
For now, monitoring the momentum of the general market would be beneficial for the bulls. As of writing, XLM can enjoy a high correlation with Bitcoin if the latter picks up momentum again. At $0.1097, can XLM bulls continue the rally?
Overall, the XLM team is confident in its ability to navigate the bearish market sentiment and continue to grow in value. By focusing on adoption, technology, and community engagement, they believe that XLM will remain a strong investment opportunity in the cryptocurrency market.
#xlm #stellar #Binance #crypto2023 #BTC
According to CoinGecko, the token has experienced substantial gains in all timeframes, with the highest increase seen in the bi-weekly timeframe at nearly 29%.
This recent market rally can be attributed to on-chain developments that have propelled XLM to new heights.
Recently, the official Twitter accounts of Circle and Stellar announced that USDC, one of the largest stablecoins in the market, is now available on the CoinMe wallet. This move significantly expands the reach of both organizations and highlights the advantages of the Stellar ecosystem and potentially give a boost in price to XLM.
ICYMI: #USDC on @stellarorg is now available in the @Coinme wallet.Â
Excited to help additional communities experience reduced costs and faster settlements for peer-to-peer transactions. https://t.co/JqS7t4gbbZ
â Circle (@circle)Â March 28, 2023
Stellar Links With Polkadot
Adding to the bullish momentum, Stellar has now been connected to Polkadot through the Pendulum parachain, which is being touted as the final link between fiat and DeFi.
USDC will also flow between Polkadot and Stellar, further advancing Stellarâs position as a bridge between the traditional financial system and the crypto market. This position was already strengthened by its 2021 partnership with Moneygram, a fiat cash transfer platform.
Stellarâs recent efforts to position itself as a money transfer and payments platform could help restore USDCâs reputation as a safe asset for investors. However, it may take some time for the market to fully regain trust in USDC as a stablecoin, and caution may still prevail.
XLM: Upbeat In Overcoming Bearish SentimentÂ
Meanwhile, XLM has encountered resistance at the $0.1129 level, which could lead to potential downside in the coming days. If the bulls succeed in overcoming this resistance, we may see further upside for the token. However, given the current bearish trend in the market, this outcome is uncertain.
For now, monitoring the momentum of the general market would be beneficial for the bulls. As of writing, XLM can enjoy a high correlation with Bitcoin if the latter picks up momentum again. At $0.1097, can XLM bulls continue the rally?
Overall, the XLM team is confident in its ability to navigate the bearish market sentiment and continue to grow in value. By focusing on adoption, technology, and community engagement, they believe that XLM will remain a strong investment opportunity in the cryptocurrency market.
#xlm #stellar #Binance #crypto2023 #BTC
What Is ISO 20022? Why XRP pump?
The ISO 20022 standard will set a new standard of communication for all financial institutions worldwide. The 20022 standard will completely change the financial landscape and improve international money transfers.Â
Cryptos that update their blockchains to comply with this new ISO standard will likely appreciate in price if they are chosen for payments by banks.
SWIFT to ISO 20022
SWIFT, the global messaging network that banks use to send funds internationally, will be entirely updated to ISO 20022 near the start of 2023. Its original format will no longer be used at all by 2025.
So far, the only two compatible cryptos are Rippleâs XRP (XRP) and Stellar Lumens (XLM). Itâs rumored that cryptos like MIOTA (IOTA) , XinFin (XDC) and Algorand (ALGO) are also compliant.
We can se big Move in these coin as banks start to use these ISO standard .
In case of XRP, there is also rumour going on that SEC Vs Ripple case will end with a settlement.
Source: Phemex Dot Com
#LearnTogetherEarnTogether #Binance #ripple #xlm #crypto2023
Cryptos that update their blockchains to comply with this new ISO standard will likely appreciate in price if they are chosen for payments by banks.
SWIFT to ISO 20022
SWIFT, the global messaging network that banks use to send funds internationally, will be entirely updated to ISO 20022 near the start of 2023. Its original format will no longer be used at all by 2025.
So far, the only two compatible cryptos are Rippleâs XRP (XRP) and Stellar Lumens (XLM). Itâs rumored that cryptos like MIOTA (IOTA) , XinFin (XDC) and Algorand (ALGO) are also compliant.
We can se big Move in these coin as banks start to use these ISO standard .
In case of XRP, there is also rumour going on that SEC Vs Ripple case will end with a settlement.
Source: Phemex Dot Com
#LearnTogetherEarnTogether #Binance #ripple #xlm #crypto2023
In the long-term outlook until 2030, given the steady growth of the blockchain sector and Stellar's trust-building efforts, Stellar's native token, XLM, could reach a high of $1.5, with a potential low of around $1.2.
$XLM $BTC $ETH #xlm #avalanche #usdr #ftx #BinanceSquare
$XLM $BTC $ETH #xlm #avalanche #usdr #ftx #BinanceSquare
Stellar Partner Launches Cross-Border Payment Solution in Chile
MoneyGram has launched the MoneyGram service in Chile.
Stellar partner MoneyGram International has launched the MoneyGram Online (MGO) service in Chile. According to a press release today, residents in Chile can utilize the solution to send money from the country to friends and families worldwide.
Commenting on the development, MoneyGram Chairman and CEO Alex Holmes said the company is thrilled to launch the MGO service in Chile, one of South Americaâs largest remittance markets.
âAfter our recent successful launch in Brazil, we are especially excited about our strong momentum in Chile,â said Holmes.
Remittance Service in Chile
It is noteworthy that over the past 25 years, MoneyGram has offered diverse ways for Chileans to send money worldwide. Chile is one of the largest remittance corridors in South America.
In 2021, a migrant population of 1.5 million people sent a whopping $762 million through traditional means. However, there is a new demand for online cross-border settlements in Chile. MoneyGram hopes to address these demands through the MGO solution.
MoneyGram Service
MoneyGram is a major fintech company that enables users to move and manage money across various parts of the world. Through its set of fintech offerings, MoneyGram clients can send funds directly into bank accounts and mobile wallets.
Through the MoneyGram mobile app, MoneyGram users can also buy, hold, and sell cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
The company has been taking key steps to offer the best fintech services to its clients. One of such move includes partnering with Rippleâs rival, the Stellar Development Foundation (SDF). MoneyGram collaborated with SDF in 2021 to utilize blockchain technology for cross-border settlements.
Under the partnership, MoneyGramâs network integrated with the Stellar blockchain to enable cash funding and payout in local currency for consumers using USD Coin (USDC).
Rippleâs Rivalry With Stellar
It bears mentioning that Ripple and MoneyGram were once involved in a partnership in 2019, where the former acquired a $30 million stake in the fintech company.
However, shortly after Ripple was taken to court by the U.S. SEC over its alleged illegal XRP offering, MoneyGram terminated its partnership with the crypto behemoth in March 2021.
A few months later, MoneyGram partnered with Stellar Development Foundation to utilize the Stellar blockchain for cross-border settlements.
It is worth noting that Stellar was launched by Rippleâs co-founder Jed McCaleb, who received 8 billion XRP for his role in creating OpenCoin (later renamed to Ripple Labs).
#xlm #crypto2023 #askbinancesensei #crypto #Binance
Stellar partner MoneyGram International has launched the MoneyGram Online (MGO) service in Chile. According to a press release today, residents in Chile can utilize the solution to send money from the country to friends and families worldwide.
Commenting on the development, MoneyGram Chairman and CEO Alex Holmes said the company is thrilled to launch the MGO service in Chile, one of South Americaâs largest remittance markets.
âAfter our recent successful launch in Brazil, we are especially excited about our strong momentum in Chile,â said Holmes.
Remittance Service in Chile
It is noteworthy that over the past 25 years, MoneyGram has offered diverse ways for Chileans to send money worldwide. Chile is one of the largest remittance corridors in South America.
In 2021, a migrant population of 1.5 million people sent a whopping $762 million through traditional means. However, there is a new demand for online cross-border settlements in Chile. MoneyGram hopes to address these demands through the MGO solution.
MoneyGram Service
MoneyGram is a major fintech company that enables users to move and manage money across various parts of the world. Through its set of fintech offerings, MoneyGram clients can send funds directly into bank accounts and mobile wallets.
Through the MoneyGram mobile app, MoneyGram users can also buy, hold, and sell cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
The company has been taking key steps to offer the best fintech services to its clients. One of such move includes partnering with Rippleâs rival, the Stellar Development Foundation (SDF). MoneyGram collaborated with SDF in 2021 to utilize blockchain technology for cross-border settlements.
Under the partnership, MoneyGramâs network integrated with the Stellar blockchain to enable cash funding and payout in local currency for consumers using USD Coin (USDC).
Rippleâs Rivalry With Stellar
It bears mentioning that Ripple and MoneyGram were once involved in a partnership in 2019, where the former acquired a $30 million stake in the fintech company.
However, shortly after Ripple was taken to court by the U.S. SEC over its alleged illegal XRP offering, MoneyGram terminated its partnership with the crypto behemoth in March 2021.
A few months later, MoneyGram partnered with Stellar Development Foundation to utilize the Stellar blockchain for cross-border settlements.
It is worth noting that Stellar was launched by Rippleâs co-founder Jed McCaleb, who received 8 billion XRP for his role in creating OpenCoin (later renamed to Ripple Labs).
#xlm #crypto2023 #askbinancesensei #crypto #Binance
Stellar (XLM) price and social indicators are moving in opposite directions
There is a divergence between Stellar (XLM)'s social metrics and the direction of its price.
While mentions of the project on social platforms continue to rise, the chart and technical picture as a whole for Stellar's own coin, XLM, is moving in the opposite direction.
The social dominance and volume of XLM has changed and started to grow. This means that mentions of the coin on cryptocurrency-related social platforms are on the rise.
This is due to the efforts of the project team to rebrand and spread Stellar as a solution innovation in the financial industry.
Stellar released a compelling video clip on X featuring popular British actor Idris Elba. In the clip, Elba plays the director of the movie.
The short video clip shows a scenario in which, despite disorganization, individuals can independently make cross-border payments using Stellar's blockchain solution.
#xlm $XLM
There is a divergence between Stellar (XLM)'s social metrics and the direction of its price.
While mentions of the project on social platforms continue to rise, the chart and technical picture as a whole for Stellar's own coin, XLM, is moving in the opposite direction.
The social dominance and volume of XLM has changed and started to grow. This means that mentions of the coin on cryptocurrency-related social platforms are on the rise.
This is due to the efforts of the project team to rebrand and spread Stellar as a solution innovation in the financial industry.
Stellar released a compelling video clip on X featuring popular British actor Idris Elba. In the clip, Elba plays the director of the movie.
The short video clip shows a scenario in which, despite disorganization, individuals can independently make cross-border payments using Stellar's blockchain solution.
#xlm $XLM
XLM/USDT is currently in a bullish trend, as it has recently bounced from a demand area and is moving upwards towards a supply area. Some technical indicators, such as the RSI and the MACD, also support this view. However, there are also some resistance levels and potential reversal patterns that could pose a challenge for the bulls. Therefore, it is important to be cautious and use proper risk management when trading xlm usdt.
Please note that this is not a trading signal or a recommendation to buy or sell xlm usdt. This is just a summary of some web search results that I found. You should always do your own research and analysis before making any investment decisions. Trading cryptocurrencies involves high risks and volatility, and you may lose more than your initial investment. I hope you understand.
#xlm
Please note that this is not a trading signal or a recommendation to buy or sell xlm usdt. This is just a summary of some web search results that I found. You should always do your own research and analysis before making any investment decisions. Trading cryptocurrencies involves high risks and volatility, and you may lose more than your initial investment. I hope you understand.
#xlm
Stellar (XLM) Partner MoneyGram Obtains Major Award by Newsweek
The prestigious award is recognition of MoneyGram's stellar reputation and global trust of investors, customers and expert communities. Amid all the "Most Trustworthy Companies" in the Finances category, crypto-friendly MoneyGram was ranked fourth.
MoneyGram named Most Trustworthy Company by Newsweek in 2023
According to an official statement shared by the team of MoneyGram, a Texas-based cross-border payments heavyweight, it obtained the "Most Trustworthy Company in 2023" status from Newsweek, an American weekly news magazine.
MoneyGram is honored to have been named one of the "Most Trustworthy Companies in America in 2023" by @Newsweek! Read more: https://t.co/5FmwFDf4Zy pic.twitter.com/PEiXzdAJuL
â MoneyGram (@MoneyGram) April 7, 2023
The experts evaluated global businesses based on a holistic approach to analyze its trust. The research included three main aspects: customer trust, investor trust and employee trust.
Alex Holmes, MoneyGram chairman and CEO, is excited by this new status and the opportunities MoneyGram's strategy unlocks for users of digital payment systems across the globe:
We are extremely honored to be named one of the most trustworthy companies in America, not only by a media organization as reputable as Newsweek, but also by a core group of stakeholders. This recognition is a testament to how we at MoneyGram set ourselves apart through an unwavering commitment to executing our corporate strategy, empowering our global workforce, and going above and beyond to exceptionally serve communities around the world
Since Q1, 2022, MoneyGram is working together with Stellar Development Foundation (SDF), a non-profit that oversees the development of the Stellar (XLM) blockchain.
No surprise here. Congrats, @Moneygram! https://t.co/DgMhRjedA8
â Denelle Dixon (@DenelleDixon) April 7, 2023
Denelle Dixon, CEO and executive director of Stellar Development Foundation (SDF), congratulated the colleagues with Newsweek's award.
MoneyGram strengthens its presence in digital asset segment
Anna Greenwald, MoneyGram chief operating officer, attributed this recognition to MoneyGram's focus on the success of its customers across all of its products:
A huge thank you to our employees around the world who embrace our culture of customer-centricity. This is yet another well-deserved acknowledgement of our team who continues to do what it takes to earn the trust of our customers each and every day
MoneyGram is one of the first large-scale vendors of digital payments that integrated cryptocurrencies into their business. For years, it collaborated with U.S. fintech decacorn Ripple Inc.
As covered by U.Today previously, in Q4, 2022, it added the opportunity to purchase Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH) without leaving the application.
#crypto2023 #crypto #xlm #Binance #ETH
MoneyGram named Most Trustworthy Company by Newsweek in 2023
According to an official statement shared by the team of MoneyGram, a Texas-based cross-border payments heavyweight, it obtained the "Most Trustworthy Company in 2023" status from Newsweek, an American weekly news magazine.
MoneyGram is honored to have been named one of the "Most Trustworthy Companies in America in 2023" by @Newsweek! Read more: https://t.co/5FmwFDf4Zy pic.twitter.com/PEiXzdAJuL
â MoneyGram (@MoneyGram) April 7, 2023
The experts evaluated global businesses based on a holistic approach to analyze its trust. The research included three main aspects: customer trust, investor trust and employee trust.
Alex Holmes, MoneyGram chairman and CEO, is excited by this new status and the opportunities MoneyGram's strategy unlocks for users of digital payment systems across the globe:
We are extremely honored to be named one of the most trustworthy companies in America, not only by a media organization as reputable as Newsweek, but also by a core group of stakeholders. This recognition is a testament to how we at MoneyGram set ourselves apart through an unwavering commitment to executing our corporate strategy, empowering our global workforce, and going above and beyond to exceptionally serve communities around the world
Since Q1, 2022, MoneyGram is working together with Stellar Development Foundation (SDF), a non-profit that oversees the development of the Stellar (XLM) blockchain.
No surprise here. Congrats, @Moneygram! https://t.co/DgMhRjedA8
â Denelle Dixon (@DenelleDixon) April 7, 2023
Denelle Dixon, CEO and executive director of Stellar Development Foundation (SDF), congratulated the colleagues with Newsweek's award.
MoneyGram strengthens its presence in digital asset segment
Anna Greenwald, MoneyGram chief operating officer, attributed this recognition to MoneyGram's focus on the success of its customers across all of its products:
A huge thank you to our employees around the world who embrace our culture of customer-centricity. This is yet another well-deserved acknowledgement of our team who continues to do what it takes to earn the trust of our customers each and every day
MoneyGram is one of the first large-scale vendors of digital payments that integrated cryptocurrencies into their business. For years, it collaborated with U.S. fintech decacorn Ripple Inc.
As covered by U.Today previously, in Q4, 2022, it added the opportunity to purchase Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH) without leaving the application.
#crypto2023 #crypto #xlm #Binance #ETH
Future Signal :
Follow my Binance Content to get premium signal đ
Coin :Â #xlm
Signal : Long
I think XLM will pump from here because a bull flag is forming and if it breaks out and retests successfully it will pump 22% and BTC Dom is bearish so alts are bullish.
Entry : 0.1212 - 0.1250
1st tp : 0.134
2nd tp : 0.15
Sl : 0.105
Follow my Binance Content to get premium signal đ
Coin :Â #xlm
Signal : Long
I think XLM will pump from here because a bull flag is forming and if it breaks out and retests successfully it will pump 22% and BTC Dom is bearish so alts are bullish.
Entry : 0.1212 - 0.1250
1st tp : 0.134
2nd tp : 0.15
Sl : 0.105
