News: XLM Slip, Will Stellar-IBM Partnership Be in Tatters After Lund’s Exit?

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Transcript:

0:00:00 XLM Slip, Will Stellar-IBM Partnership Be in Tatters After Lund’s Exit?

0:00:05 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.

0:00:11 The exit of Jesse Lund, the global head of blockchain for financial services and digital currencies, and CTO Stanley Yong of IBM could jeopardize their partnership with Stellar.

0:00:22 Even though XLM is bullish, participation is low.

0:00:25 The only pass for higher highs is if prices rally past 13 cents.

0:00:30 The success of any blockchain depends on what it brings on the table.

0:00:34 That is, use case.

0:00:36 If it finds that and the network benefits from the network effect, then whether the project goes forward or not is heavily reliant on well-oiled partners.

0:00:44 In the case of Ripple, more than 200 global banks are part of the process.

0:00:49 Because of that Brad Garlinghouse and team, has the impetus for building infrastructure that will replace SWIFT as a real-time global payment platform.

0:00:57 Meanwhile, Stellar as a competing platform, has the backing of an experienced, century-old phenomenon in IBM.

0:01:04 Better known as Big Blue, the American giant prides in the World-Wire.

0:01:08 Out of the gate, Stellar now supports 42 different currencies from 72 countries thanks to the involvement of IBM.

0:01:15 Their objective is outright: Battle it out with Ripple and onboard as many banks as possible to their network.

0:01:21 Enabling this is innovation and determination.

0:01:24 Already, six banks will be launching Stable coins on the Stellar network.

0:01:29 However, all this is under threat following the departure of CTO Stanley Yong and Jesse Lund.

0:01:35 They were instrumental in pushing World Wire on the Stellar network.

0:01:39 Presently, XLM is steady, off the top ten and struggling to keep up.

0:01:43 Replaced by ADA and within range from TRX, XLM market cap is susceptible to another Flipping.

0:01:50 All the same, there is an opportunity for savvy traders.

0:01:53 Thanks for watching this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.

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News: XLM Slip, Will Stellar-IBM Partnership Be in Tatters After Lund’s Exit?

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