Stellar Lumens is one of the highest potential cryptos in the market today. One that many believe could overtake Ripple (XRP) as the top crypto in cross-border payments. However, what’s getting everyone excited is the announcement by the Mobile Coin team that they will be using the Stellar Consensus protocol in creating their network. The rationale behind this is to achieve high transaction speeds and scalability. Just to be clear, Mobile Coin is a privacy cryptocurrency that aims to integrate with mobile messaging platforms such as WhatsApp. Mobile coin has some big backers including Binance Labs, and has raised over $30 million in the last round of funding.
So why is it such a big deal that it will be using the Stellar Consensus Protocol? Well, for starters, the fact that this crypto is using SCP means that Stellar will be the bridge for people converting Mobile Coin to fiat currency and vice versa, once Mobile Coin gets adopted. In essence, the moment Mobile coin gets integrated into some of the world’s largest chatting platforms such as WhatsApp, it will be a jackpot for Stellar Lumens (XLM).
Volumes will surge and its intrinsic value will shoot through the roof. Are there chances of this happening? The answer is a big YES! Mobile coin is backed by Binance labs, which means that it will be listed on Binance, one of the world’s largest crypto exchanges in the world. The attention it will attract through this listing will draw in chat messaging platforms such as WhatsApp. Integration to the WhatsApp platform would give Mobile coin instant access to over one billion user, all of them using Stellar Lumens as a bridge.
On top of that, this announcement validates Stellar as a superior blockchain. The mobile coin team could have chosen any other blockchain, but they choose Stellar! They chose Stellar simply because they believe it offers them the speed and scalability potential to meet the potential of mobile coin large scale adoption. That’s a strong validation for the stellar network, one that is guaranteed to further drive more ICOs to use stellar.
As more ICOs choose Stellar as a bridge, its volumes will continue to grow. Of course, this is also given weight by the fact that IBM, a global tech services company, is running its services on the stellar networks. IBM is using stellar to launch digital assets, and cut costs on cross-border transactions.
So what does all this mean to you as an investor in Stellar Lumens? Well, we are likely to see a short-term pump in the value of Stellar Lumens (XLM) once this deal is confirmed. Then as more partnerships come into effect, we are likely to see an exponential growth in the value of this crypto. Stellar is one the cryptos that could close the year 2018 on a high. It could easily close the year at $1 and above. To a savvy investor, Stellar Lumens is a sleeping giant that could give big returns in the future.