Let`s be honest: Stellar Lumens (XLM) performed poorly last year. Also this year XLM's performance falls short of the expectations of the community. Overall, the cryptocurrency saw losses of 55%. However, innovative projects have been created on the Stellar Lumens platform that could end XLM's downward trend this year. Stellar Lumens has made some promising partnerships that could have a positive impact on XLM's course next year.

What is Stellar Lumen (XLM)?

Stellar (XLM) wants to connect banks, payment providers and people worldwide and across national borders with its payment platform and make money transfers faster, cheaper and more transparent. Stellar is often compared to Ripple. But unlike Ripple, Stellar is a non-profit organization with an "open source" approach, so it sees itself more in the service of the general public. Ripple instead sees itself in the service of banks. Stellar wants to open up the markets to those who previously had no access to the financial world due to a lack of infrastructure. This is the philosophy behind Stellar.

Stellar was created in the year 2014 as a fork from Ripple and continues this tradition even after the further developments of the following years. Regarding the objective, Stellar sees itself as a counter or rather a new design. Not only is the decentralization of the network very important, but above all the "Unbanked", that is to say, the people who could not previously participate in the cashless payment system, should be given the opportunity to use electronic currencies.

Stellar Lumen's 2020 financing plan

The Stellar Development Foundation (SDF) has presented a funding plan for the project for the next ten years. The SDF still has 30 billion XLM after burning half of the circulating tokens last year.

The plan is to release 3 billion XLMs annually by 2023. The remaining 18 billion will be distributed in the following years. Much of the funds are invested in political efforts, trade relations, the promotion of ecosystems and technical development.

Stellar Lumen's Key Partnerships 2020

Stellar Lumens was able to set up important collaborations this year that could have a positive impact on the price. In 2020, the development of these projects can determine Stellar's course over the long term and create an open, transparent, and innovative environment for further progress.

Cooperation with IBM

The partnership between Stellar Lumens and the giant IBM caused a sensation. IBM uses the Stellar network as a platform for a payment infrastructure that offers security, transparency, and access to financial services.

According to Jesse Lund, Vice President of IBM Blockchain, the project was developed as a payment platform that builds on the Stellar Lumens Blockchain. The platform uses Distributed Ledger Technology (DLT) to transfer and deposit digital assets by issuing tokens that are issued on the Stellar network.

According to experts, the IBM / Stellar platform could replace the currently used SWIFT / IBAN system. Lund summed up the possibilities of the project, its effects on the economy and the potential in one sentence: "Imagine a world in which everyone has money".

Stellar X

Stellar X is a decentralized cryptocurrency platform. Peer-to-peer trading allows users to buy Bitcoin with fiat money. The platform is free and can be used without transaction fees.

In addition, the platform enables users to withdraw, deposit and convert into cryptocurrencies or fiat money, exchange tokens for their domestic coins or deposit directly into a bank account.

Tempo

Another company that offers wire transfer services is Tempo. In 2018, Tempo partnered with Stellar Lumens to use the Stellar platform and reduce fees. In addition, Tempo’s platform with the Stellar network can process more than 50,000 transactions for a little less than a cent transaction fee.

SatoshiPay

SatoshiPay is an innovative platform in the field of micropayments. After test runs on various platforms, she finally partnered with Stellar.

With SatoshiPay, website operators can benefit from their visitors. Users can contribute small amounts of cents for reading content on websites to provide the website operator with a small financial reward.

Sure remit

Africa is one of the regions that has great potential for the development of cryptocurrencies and their use cases. The Sure Remit network enables African citizens to send money, vouchers, and bills from abroad to their home countries.

Sure Remit's services are aimed at expanding the remittance business. The users of the network can react immediately to the needs of their families and relatives and send money if necessary.

Sure Remit uses the Stellar Lumens blockchain protocol to support RMT system services and the RMT platform token. In addition, the Stellar Blockchain enables the Sure Remit network to operate inexpensively and with low fees.

Where Can I Buy Stellar (XLM)?

Stellar Lumens (XLM) is one of the best known and most established cryptocurrencies on the market. You can trade XLM on nearly all major exchanges like Binance. I personally recommend Coinbase to buy and manage your Stellar Lumens (XLM).

At the moment you can also earn up to 50$ in XLM by taking part in the legendary Coinbase Earn Airdrop.

I hope I could provide you with some interesting and useful information.

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