On which platforms can Stellar be purchased?
Stellar provides almost all types of services of a banking institution, but on a decentralized network without an avid bank taking your money in the form of various fees. Remittances are simple, allowing you to send money across different borders for a fraction of what a traditional bank would charge. This makes multi-currency transactions almost as simple as those in the same currency.
Stellar also provides specific benefits for micropayments by reducing cost and increasing efficiency. This allows companies to offer customers additional payment options without any inconvenience.
In addition to the main use cases for Stellar, the network offers the advantage of real-time transaction settlement in just two to five seconds. All transactions are cryptographically secure. It also includes automatic, regulatory-compliant currency exchange, email-like payments and international coverage in a single integration.
How does Stellar help the unbanked? Due to its use of the blockchain, Stellar also offers unique benefits to those who are currently unbanked, offering them the opportunity to open an account at a financial institution. By reducing costs, Stellar allows companies to reach new customers. This helps those who are generally unbanked, including those who need low-cost accounts, micro-savings or loans.
Stellar.org is actually a non-profit organization, helping more unbanked people. Stellar’s team understands how important these services, particularly the ability to save and obtain loans, are to maximize everyone’s potential and fight poverty. If you wish, you can also make a tax-deductible donation to Stellar.org.
How it works: how does Stellar work?
Like most other crypto-currencies, Stellar Lumens wears this beautiful buzzword (which has become the trademark of Blockchain technology): decentralization. The Stellar network operates on a network of decentralized servers supported by an international consortium of individuals and entities. These servers support the distributed ledger that tracks network data and transactions.
In practice, the Stellar protocol will work as a more inclusive and flexible PayPal. To start using Stellar, you must upload funds to an “anchor” on the network. Just like a bank or PayPal, this “anchor” then holds your money and credits your virtual portfolio in its place.
Stellar also offers users the possibility to place exchange orders on the public register to sell or buy other currencies. All rates are pre-determined by the person placing the order, so they are not subject to the automatic exchange rate that Stellar applies to personal transfers.
If you wanted to exchange, for example GBP for EUR, you would place an order in Stellar’s order book. This order then enters the global market, which you can also consult to see how your order compares to others like it. Note that this exchange is not limited to cash only. It will also include pairs of crypto-currency and fiat trading.
Our review: should we buy Stellar?
As many readers already know, Bitcoin has just been deleted by Stripe as a payment method on its payment processing service. This is not really surprising given the current state of the Bitcoin network and, although the problems can be solved in the very short term (and at that time Stripe will certainly accept bitcoin as a means of payment again), it is simply not viable in its current state.
What many people have not noticed, however, is that It was a note on the announcement detailing the fall of bitcoin that described Stripe’s plans to potentially integrate Stellar into its offer… instead of bitcoin.
Currently, Stellar transactions are settled in a matter of seconds (the company indicates between two and five seconds), making it an ideal cryptocurrency settlement asset for Stripe customers.
This transaction speed paves the way for Stripe to integrate Stellar and offer it as an alternative offer to its customers instead of the bitcoin integration they currently use as a selling point for their service.
What all this means is that not only do we have a currency that is undervalued compared to its value this time a few weeks ago (assuming that the drop in valuation is anchored in the broader correction of the cryptomonnaise market) but we also have a coin that is making fundamental and operational progress towards trade integration.
Technical analysis is one thing, because it stimulates speculative volume in the short term, but corporate integration is what these companies are really looking for… and Stellar offers that to investors.
Thus, if Stripe were to confirm the integration of Stellar as a potential means of payment, then the value of the associated token could explode in the next few days.