Stellar (XLM): There are more than 1,900 crypto coins in the market today and each has a solution it is trying to solve. Surprisingly, none of these can claim monopoly in their jurisdiction but some have superior value propositions backed by a strong unique technology and Stellar Lumens (XLM) has so far impressed the investor as a global financial system.
Stellar (XLM) is rated the sixth largest and most valuable coin in the world. However, its success is based on its development progress for the last nine months. The bearish market has not deterred the platform from gaining more visibility and this has resulted to additional adoption. Here are 5 reasons why Stellar will dominate the financial sector in 2019 and beyond.
Stellar (XLM) Superior Smart Contracts
Stellar appears to have learned a positive lesson from the vulnerable smart contracts created on Ethereum. To avoid attacks and manipulations, the Stellar team has gone a notch higher by creating superior smart contracts that are highly rigid and cannot be manipulated from within or elsewhere.
These contracts are not as flexible as those of Ethereum and that is why they are safe and efficient. The authentication process has also been secured through multi-layer encryptions. This is one of the reasons why one of the biggest tech giants is building a global payment outfit on its ecosystem
IBM’s Boost for Stellar with Blockchain World Wire
The relationship between Stellar and IBM’s Blockchain World Wire has far reaching implications globally. This has cemented Stellar as the next global financial system. The two partners have been working on several projects and the BWW has got the entire blockchain industry watching and this has send XLM holders into early celebrations.
Simply put, the collaboration will make the XLM coin the transaction vehicle and given the IBM global market penetration, the coin will be the biggest gainer. As more investors join the BWW project, XLM usability will increase busting its market liquidity with increased value being the end game. Transaction costs and speeds have always limited growth potentials for many coins but for Stellar, the story is different.
Stellar (XLM) is Affordable Business
After being put in the global market by IBM, the lowly priced coin will have the investor appeal for worldwide transactions. Compared to its competitors in the market, the Stellar cost of transacting is the lowest. With a bas fee of 0.00001 XLM and 0.5 XLM reserve, these are the best rate any investor cannot resist.
Bank rates are currently on the higher side and integrating with the Stellar system will drastically bring the cost of doing business and more adopters are likely to onboard the ecosystem. The partnership will also give more users access to banking services in a decentralized atmosphere.
Stellar AML and KYC Compliance
One of the reasons why investors are shying away from blockchain mass adoptions is AML and KYC requirements. Stellar has met the threshold and given the investor the confidence they are seeking. More and more startups are more likely to identify with a compliant system and Stellar is becoming their legitimate safe haven.
The address system on the platform works well with other AML and KYC approved platforms. this way, illegitimate transactions cannot be performed on its ecosystem. This has made dark web operatives keep of the system paving way for institutions and individual doing clean businesses.
Stellar (XLM) Price Value Proposition
For anyone looking for a dApp development platform, Stellar is the best since internal transaction fees are dictated by the prevailing market price of the XLM coin. The low XLM price is an entry point for any developer who is focused on early adoption for long term investment.
At the time of compiling this report, the Stellar (XLM) price stood at $0.207419. The coin is trading in the green after marginally gaining 4.78% to the dollar in a bearish market. The resilience of the coin is surefire way of gaining stability in the coming days, a true characteristic of a digital asset that befits a global financial system of the future.