Following the announcement of Coinbase intentions to pursue Stellar Lumens and to look into making this coin a part of its fiat-to-crypto portfolio. This has both given XLM added validity in the crypto community and knocked its biggest competitor, XRP, a couple of notches down.
Stellar Lumens is currently the 7th largest coin with a total market value over $4B and average daily trading volume about $50 million and is trading at $0.219 according to coinmarketcap.com.
With the announcement of Coinbase pursuing Stellar Lumens and Cardano’s ADA, the void for a high supply, low priced cryptocurrency will have been filled ahead of a potential XRP listing.
Stellar Network recently announced their collaboration with one of the world’s most popular money transferring companies called Tempo.
The two entities will be working together to create a new cryptocurrency payment network. Tempo wants to establish itself as the leader in this upcoming industry and a partnership with Stellar will definitely help.
XLM will be used as the base currency for its payment network, which will be able to process 600,000 transactions for a fee as low as $0.01.
President of Tempo, Jeff Phaneuf said:
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