Put Tuesday 1.40am (UTC) on 19 March in your calendar of major Stellar Lumens events.
Speaking to Finder at IBM Think 2019, IBM head of blockchain Jesse Lund revealed that 40-50 banks are expected to join the Stellar-based IBM World Wire service in the near future.
“We’ve got a launch announcement coming out soon… we’re going to be supporting more than 50 countries out of the gate, 30-40 currencies, and enough market makers to drag along 30 or 40 banks, so we’ll have a significant portion of the world covered,” he explained.
Several banks have already confirmed that they plan to issue digital assets, including stablecoins of their own, through the Stellar-powered IBM World Wire.
“We’ve got letters of intent with several banks around the world to support and issue digital currencies, stablecoins and other currencies,” Lund confirmed.
“Our goal is to continue to expand that network and to provide global coverage within 3-5 years where you can actually send remittances in a consistent way, immediately, at a very low cost, from anywhere in the world to anywhere in the world.”
The next major announcement around this is likely to be on 19 March.
To read more, please click on the link below…
Source: 40-50 banks expected to announce Stellar (XLM) use in coming months | finder.com.au
FAQs
40-50 banks expected to use Stellar (XLM) use in coming months.
What will XLM be used for? ›
Facilitate Transactions: XLM is used to pay for transaction fees on the Stellar network. Every transaction has a nominal fee (currently set at 0.00001 XLM) to deter spamming the network with frivolous or malicious transactions.
Why would banks and businesses use Stellar? ›
Stellar Treasury Management services empower your business in multiple ways. Optimize your working capital, expedite the cash conversion cycle, fine tune payables and receivables, achieve better financial forecasting and more.
What companies are using XLM? ›
20 XLM Partnerships That Have Stellar Lumens Bulls Hopeful
- Tangem.
- Zagg.
- FinClusive.
- Flutterwave.
- ClickPesa.
- Uhuru Wallet.
- Coinqvest.
- Fireblocks.
Stellar Bank came to be in 2023, when Allegiance Bank and CommunityBank of Texas joined forces. What emerged was a financial institution like no other. Stellar bankers set the standard for responsive, relationship-based community banking.
Who owns the most XLM? ›
What percentage of XLMedia PLC (GB:XLM) stock is held by retail investors? According to the latest TipRanks data, approximately 95.97% of XLMedia PLC (GB:XLM) stock is held by retail investors. Who owns the most shares of XLMedia PLC (GB:XLM)? Ory Weihs owns the most shares of XLMedia PLC (GB:XLM).
Can XLM reach $1? ›
If the Lumen token can gain 15% a year, it'll reach $1 in 11 to 12 years. At a less realistic average growth rate of 30%, it'll take 7 to 8 years instead.
How high could XLM go? ›
Based on research by AMBCrypto, Stellar may price between $0.18 and $0.27 in 2025, with an average of $0.22. Changelly has a close XLM price prediction for 2025, seeing the coin to sell at an average trading price of $0.1708. Coinpedia also has a positive outlook, predicting XLM to reach a potential high of $0.69.
What countries are using XLM? ›
Stellar countries list
- I. Buy Stellar (XLM) in Israel (IL)
- K. Buy Stellar (XLM) in Kenya (KE)
- M. Buy Stellar (XLM) in Malaysia (MY)
- N. Buy Stellar (XLM) in Nigeria (NG)
- P. Buy Stellar (XLM) in Papua New Guinea (PG)
- S. Buy Stellar (XLM) in Singapore (SG)
- T. Buy Stellar (XLM) in Trinidad and Tobago (TT)
- Z.
Stellar Bancorp, Inc. Named 3rd Best Performing U.S. Public Bank.
Stellar Bank is the largest Texas-based community bank headquartered in Houston. Our bankers set the standard for responsive, relationship-based community banking. We have the connections, resources and the right advice to help our customers thrive.
Is MoneyGram using Stellar? ›
By leveraging the Stellar network, MoneyGram Access provides cash-to-crypto on and off-ramps at any of their participating locations.
What banks are using Stellar Lumens? ›
All this is part of IBM's newest product launch of World Wire, an initiative to revolutionize the current banking system through the Stellar blockchain. Among the banks that are part of the project, are Philippines-based RCBC, Brazil's Banco Bradesco, and the Bank Busan from South Korea.
Who is backing Stellar? ›
The Stellar protocol is supported by a Delaware nonprofit corporation, the Stellar Development Foundation, though this organization does not enjoy 501(c)(3) tax-exempt status with the IRS.
Who is XLM working with? ›
The strength of XLM lies in the Stellar network, which developed partnerships all around the world. The platform has even been integrated with Samsung Mobile, with its partner list including the likes of IBM, Stripe, Wirex, SureRemit, Smartlands, etc.
Does Stellar crypto have a future? ›
The long-term Stellar Lumens (XLM) price forecast from DigitalCoinPrice projects that XLM would hit $0.74 in 2030. This estimate shows that value will rise gradually in the following years due to increasing Stellar network use and technology breakthroughs.
What is better, XRP or XLM? ›
XRP is generally considered faster than XLM regarding transaction speed and scalability because it can handle up to 1,500 transactions per second. In comparison, XLM can handle around 1,000 transactions per second. However, both cryptocurrencies are relatively fast compared to traditional payment systems.
Who accepts XLM as payment? ›
You can use gift cards to buy from Amazon using XLM. What companies accept Stellar for payment? You can pay with Stellar at such big companies as Snel.com, Biteris, Coinsbee, Travala, Staxe, and others.
Where should I store my XLM? ›
The Uphold XLM wallet is not only a convenient and safe way to store your XLM but also allows you to seamlessly trade between cryptocurrencies, local currencies, and metals.
