3 more reasons why XLM will make huge progress in 2018!
I know I already praised Stellar Lumens in a previous article, but here are 3 more very good reasons why 2018 could be a great year for this cryptocurrency!
Read my previous article about this cryptocurrency here!
Cryptocurrency Stellar Lumens has had a great 2017. The cryptocurrency started the year at $ 0.002 and ended 2017 at $ 0.40. So the price increased by 200 times last year. After Stellar peaked around $ 0.85 in early January, the crypto coin made a correction, but this does not necessarily mean the end of the journey. In 2018 some great moments for Stellar Lumens are coming up!
Stellar growth
Reasons
1. IBM and Stellar Lumens cooperation
In October, the American technology giant IBM announced that it will cooperate with Stellar Lumens for cross-border banking operations. Payments across national borders are slow and expensive within the current banking system. With Stellar, such transactions would only take 5 seconds and cost a few cents.
Since the collaboration with IBM this system is used in Australia, New Zealand and Great Britain. According to founder Jed McCaleb, there are already 30 banks connected. IBM already said that it wants to expand this system in the future.
2. Stellar ATMs
There are already vending machines (ATMs) for Bitcoin and Litecoin. Stellar Lumens ATMs are now also being added. At the Singapore FinTech festival in November, the first Stellar Lumens ATM was exhibited. You put Singapore Dollars in the ATM and the vending machine buys Lumens that are sent to your wallet and vice versa.
3. FairX is going to use the Stellar network
FairX must become a competitor for Coinbase. It will offer trade between fiat money and crypto coins. But unlike Coinbase, it will offer a much wider range of crypto coins.
FairX is going to use the platform of Stellar Lumens because it is fast and simple. This should provide FairX with an advantage over Coinbase. The launch of FairX will significantly increase the demand and liquidity of Stellar Lumens!
My advice
Buy Stellar Lumens (XLM) now that it is still affordable and relatively cheap.
Disclaimer: I am not a financial adviser nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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Cheers,
MAXIDIGI
