Stellar (XLM)

Stellar (XLM) is a decentralized Blockchain-based platform designed to facilitate fast and low-cost international Money transfers. It aims to connect Financial Institutions and provide a means for cross-border transactions with minimal fees. The native Cryptocurrency of the Stellar network is Lumens (XLM).

Examples of use cases for Stellar (XLM) include:

• Cross-border Remittances: Individuals can send Money across borders quickly and cheaply, bypassing traditional banking systems.
• Tokenization of Assets: Stellar allows for the creation of digital representations of various Assets, such as real estate or Commodities, enabling easier trading and ownership transfer.
• Financial inclusion: Stellar aims to provide financial services to unbanked populations, allowing them to access banking systems via mobile devices.

Stellar has partnered with various organizations to enhance its functionality and reach, including partnerships with companies like IBM for global payment solutions.