While the mood on the crypto markets currently appears to be rather glum, were some of the investors on positive news from Stellar.
These new developments could lead to a price Explosion of Stellars XLM. In addition, a neutral market observer, to represent the idea that Stellars Stellar returns recent partnership with IBM may be in the limelight in the Ripple so far. Let’s take a look at this partnership.
IBM selects Stellar
The partnership between IBM and Stellar is not exactly new, now, IBM uses, but for the first time, the XLM currency instead of Stellars technology.
An official press release from IBM recently announced that the company will take the XLM currency of Stellar in their new partnership with Veridium labs, the aim of the Blockchain technology in the trade with emission certificates.
IBM doesn’t need to be described. The company exists since 1911 and was at the center of several technological revolutions. They are huge and their credibility is second to none. The decision of IBM will give Stellar certainly a lot of attention.
Even if this development is currently limited to only a project, it is nevertheless clear how seriously IBM takes Stellar, and it means that this project could be several others to follow.
We learned for the first Time in IBM’s interest in Stellar, as it (last October) announced that they would undertake to speak with many banks around the world to give Stellar the possibility of international transactions.
Probably, IBM will use Stellar for many other projects. So far there is no proof of this, but it is realistic, if you look at the entire context. Right now, as Veridium is in the game, IBM will deploy the first digital Token, so that emission allowances can be traded on the Stellar network.
It should be noted that the trading of emission allowances with many international regulations and restrictions, therefore, this project will probably be not all to public. The trading activities are carried out in each case on the public chain, restrictions and authorizations are needed, however, in some cases, therefore some transactions will only be with the proper permits.
Ripple has developed many partnerships, including some of the most important banks in the world and is well-positioned, therefore, still very good. IBM, which will in the future probably work with Stellar, has its own partnerships with major institutions. Therefore, IBM could make quite the difference.
BloomX selects Stellar
There is more good news for Stellar, in addition to the case with emission allowances. BloomX has confirmed that you have chosen Stellar for the processing of your payments. You look Stellar as a highly scalable, easy to use, fast, cheap and reliable, so it is perfectly tailored to your needs.
Stellar and the market
Most crypto-currencies are currently in the red Zone, and Stellar is no exception. In comparison with other crypto-currencies, Stellar seems to keep stable, we see this as a good sign for the future of the currency.
Stellars development is so clear and further developments, trading volume, and good news could allow Stellar to take Ripple within just a few months.