Overview: Stellar Lumens (XLM) the Future of the Banking. Should you invest?

Stellar connects banks, payments systems with the aim of moving money quickly, reliably, and at almost no cost.

Through Stellar users can send fund across the world without any significant fees or delays (2-5 seconds). Usage wise the project is being aimed at both individual users as well as businesses.

Stellar can be considered a decentralised Ripple – they are similar but Stellar is not controlled like Ripple is.

Team is based in USA with the offices in San Francisco and New York.

Stellar is aiming to incorporate a variety of features in the platform. Those features include:

– Remittances – Send money across borders quickly, for a fraction of a cent.
– Micropayments – increase efficiency and decrease the cost of smaller transfers.
– Mobile Branches – allowing the usage of mobile branches to expand retail operation
– Mobile Money – customers can send money to recipients with different providers
– Services for underbanked – low-cost accounts, loans, and microsavings for people struggling to get normal bank accounts

XLM is a native asset that built into the network.

Each transaction has a minor fee—0.00001 lumens—associated with it. This fee prevents users with malicious intentions from flooding the network (otherwise known as a DoS attack).

Similarly, the Stellar network requires all accounts to hold a minimum balance of 1 lumen.

Lumens sometimes facilitate trades between pairs of currencies between which there is not a large direct market, acting as a bridge.

Website: https://www.stellar.org/

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Love you but keep in mind that this is not a financial advice!

Overview: Stellar Lumens (XLM) the Future of the Banking. Should you invest?

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