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Stellar Lumens

Stellar Lumens XLM

  • Remmitance
  • Micro payments
  • Interbank money transfers
$0.0299 Price
-9.7% % 24h
0.32% % 1h
Score
$496,028,221 Mkt. Cap
$16,139,000 Vol. 24h
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Stellar Lumens project purpose and description

Short description

Stellar.org connects people to low-cost financial services to fight poverty and develop individual potential.

Abstract

Stellar is a decentralized protocol for sending and receiving money in any pair of currencies. This means users can, for example, send a transaction from their Yen balance and have it arrive in Euros, Yen, or even bitcoin. We’re expecting to support the usual categories of transactions: payments to a merchant, remittances back home, or rent splits with a roommate. You can hold a balance with a gateway, which is any network participant you trust to accept a deposit in exchange for credit on the network. Stellar also comes with a built-in digital currency, referred to as the stellar, which we’re giving away for free. The currency will have value (as determined by the market); however, its primary function is providing a conversion path between other currencies.

Link to Roadmap: https://www.stellar.org/blog/roadmap/
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