Stellar Lumens

Stellar Lumens XLM

Centralized > Hierarchical org. structure
  • Remmitance
  • Micro payments
  • Interbank money transfers
9 Rank
$0.4980 Price
-7.83% % 24h
-3.69% % 1h
$8,910,152,412 Mkt. Cap
$245,769,000 Vol. 24h
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Stellar Lumens project purpose and description

Stellar Lumens clarity of purpose

Stellar Lumens purpose and aspects

Low cost Interbank money transfers, Fraud resistant, Easy tracable transfers. remmitances, micro payments, mobile money, mobile branches, Counterfeiting impossible, Fraud resistant, No % based transfer costs

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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