Although Stellar has moved somewhat away from its altruistic vision to focus on financial institutions, assisting the unbanked and everyday user to acquire equal financial opportunity is still an important goal. Stellar is just one of many protocols that offer this functionality, with Ethereum being a direct competitor. Mobius Network and SureRemit are just a couple of the projects to have launched via Stellar. The Stellar network can also be used by new crypto projects looking to launch ICOs. Together, IBM and Stellar created 'World Wire', a global payments system intended to rival the high fees of PayPal and other competitors. Stellar is one of the relatively few cryptocurrencies to focus on securing a long-standing partnership with tech or traditional finance companies. Some investors believe there is no space for both XRP and XLM to be mass-adopted, which makes it important to understand their differences in philosophy and function. Stellar has a greater eye on accessibility, being open-source and is more focussed on bridging the gap between crypto and fiat currencies. XRP and XLM have different goals, however have a very similar function – providing extremely cheap and fast cross-border payments. If you're considering buying XLM, it's worth looking into its original form, Ripple, and comparing the two cryptocurrencies. With regards to XLM, here are a few things you should consider: Finder or the author may own cryptocurrency discussed on this page.Īs with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. Talk with a financial professional before making a decision. Potential regulations or policies can affect their availability and services provided. Digital assets are volatile and risky, and past performance is no guarantee of future results. All international money transfer servicesĭisclaimer: This page is not financial advice or an endorsement of digital assets, providers or services.
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