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Stellar Lumen (XLM) Partner, SatoshiPay, To Go Live On London Stock Exchange

For some days now, Stellar Lumen (XLM) has been receiving exclusively intriguing news, here comes another information that Stellar’s partner, SatoshiPay, is getting ready for IPO on AIM, a sub-market of the London Stock Exchange.

Flagged as a market for company growth, AIM was launched on 19 June 1995, and it comprises of 10 companies valued £82.2 million collectively.

The news stated that while SatoshiPay is preparing for the listing, Daniel Masters, a London-based crypto investor will be supporting the company with €566k in its pre-IPO fund raising.

The London based company that processes micropayment transactions, aired that it decided to get listed on AIM in a bid to improve the company’s growth and it is believed that the listing will help the company raise development capital.

The statement added that by the time the listing is achieved, shareholders will be able to trade their shares and the confidence level of stakeholders will be elevated.

Since the development will make the firm become a public company, access to institutional investors that supplies quoted companies with fund will be made easy. SatoshiPay echoed that as soon as the listing is achieved, it will be among the early blockchain businesses listed in London.

“This is a giant leap for SatoshiPay, and I am extremely proud that the startup I co-founded in 2014 has grown into a company that, with the support of an amazing team and fantastic investors, is now approaching a stock market float, the CEO of SatoshiPay, Meinhard Benn stated.

TheRegister Adopts Stellar Lumen

It is no doubt that massive adoption is the sole of cryptocurrency. When big firms accept cryptocurrency as payment option, there is going to be increased in the number of people using crypto. The same holds for the adoption of Stellar by TheRegister.

Not long, United Kingdom based website, The Register, partnered with SatoshiPay. The respected publisher during the partnership accepted that lovers of its latest publication, The Geek’s Guide to Britain, pay for the e-book format using Stellar Lumen (XLM).

The idea came after The Register partnered with SatoshiPay, since then, the website has been accepting cryptocurrency micropayment option for some certain contents on the website.

SatoshiPay CEO, Meinhard Benn who spoke about the partnership said:

“We see blockchain technology and Stellar in particular as a significant enabler of this evolution. With micropayments, publishers can cater for their readers’ demand for reduced advertising, whilst charging a small fee for viewing content.”

Meanwhile, Jed McCaleb, co-founder of the Stellar Development Foundation, said about the development:

“This is an exciting moment for Stellar and the cryptocurrency community as a whole, as it represents one of the first mainstream uses of blockchain payments in reaching millions of consumers.”

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New Deal With TransferTo Brings Stellar (XLM) To Over 70 Countries

TransferTo, an international money transfer with presence and outstanding performance in more than 70 countries has aired that it partnered with Stellar (XLM), a significant competitor to Ripple in cross-border money transfer.

The partnership, in a statement by TransferTo, is purposely to brighten the way money is remitted across borders in the world.

The deal, the statement maintained, is to give fintechs and partners who are under Stellar and TransferTo the benefit that the new collaborations will birth.

Stellar and TransferTo are joining forces to make a trustworthy and seamless avenue where remittance would be made easily.

The new technology to be provided by the two partners will be used in cross-border remittance by those who are affiliated to either of the two firms, bringing Stellar to over 70 countries where TransferTo have loyal customers.

The integration of Stellar and TransferTo will enable a more seamless and efficient settlement method between the two partners’ network, the statement by TransferTo has indicated.

Aik-Boon Tan, Chief Customer Officer at TransferTo who spoke on the development, said:

“We always aim to be at the forefront of the payments industry, and by partnering with Stellar, our goal is to trial the blockchain technology and scale our cross-border payment service to better serve our partners and reduce costs. This can enable our partners to better serve both the migrant workers sending money home and their families receiving it.”

In the same line, Lisa Nestor, Director of Partnerships at Stellar.org hinted that “TransferTo is a leader and innovator in the remittance space, and has extensive experience and reach in emerging markets. We’re thrilled to be partnering with TransferTo to offer an expanded network for our current and future partners, as well as continue to drive greater financial inclusion for the underbanked.”

Stellar is a distributed and open-source blockchain platform with strong use cases that link financial institutions and digital financial service providers across the world. There is hope that this partnership will create a low cost but effective avenue where remittance is done with simple clicks.

Stellar Has Been Awesome.

Stellar is becoming a leader in the remittance world. The platform received a Shariah compliance certificate from the Shariah Review Board (SRB), a leading international Shariah advisory agency licensed by the Central Bank of Bahrain.

The certification makes Stellar the first Distributed Ledger Technology (DLT) to obtain Shariah Certification for Payments and Asset Tokenization.

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Stellar (XML) Becomes The First To Receive Sharia Compliance Certification

The Stellar (XML) Development Foundation has received a Sharia Certification for Payments and Asset Tokenization, making it the first Distributed Ledger Technology (DLT) to obtain the recognition.

The certification, which was gotten from the Shariyah Review Board (SRB), a leading international Sharia advisory agency licensed by the Central Bank of Bahrain, attests to Stellar’s determination to bring its services to the Muslim, and the Middle East especially.

Interestingly, Stellar has become the first distributed ledger protocol to receive Sharia compliance certification in money transfer and asset tokenization space. The certification extends to applications and usages of lumens (XLM).

In a statement, Stellar indicated:

“We advance our mission of financial access and inclusion by obtaining a Sharia compliance certification for the Stellar technology and network.”

“The Shariyah Review Board (SRB), a leading international Sharia advisory agency licensed by the Central Bank of Bahrain, has reviewed the properties and applications of Stellar and has promulgated guidance and guidelines that enable Sharia compliant applications of Stellar technology in Islamic financial institutions.”

The accreditation, will help grow the Stellar ecosystem in regions where financial services require compliance with Islamic financing principles.

The statement maintained that at the moment, Islamic financial institutions in the Gulf Collaboration Council like Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE and some parts of Southeast Asia like  Indonesia and Malaysia are now going to be integrating Stellar technology in their Sharia-compliant product and service offerings.

The development is no doubt a big advancement for the Stellar network for the fact that this region is an endpoints of popular foreign worker remittance corridors.

Stellar, is now planning to discuss with global financial institutions on how to best use Stellar in their Sharia-compliant financial services and products. This announcement is no doubt an additional boost for Stellar.

Few days back, Coinbase announced it is exploring adding Stellar (XML) among other coins. However, the announcement did not indicate the addition of Ripple to the platform. The move heightened the price of Stellar by 22% since.

Different observers are of the opinion that the announcement is aimed at curtailing in-house trading as allegedly noticed in the past.

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Coinbase Exploring Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX)

Coinbase, Cryptocurrency Exchanges–Finally, after months of waiting for news surrounding another coin listing, Coinbase has broken the silence on updating its limited selection of cryptocurrencies. In June, Coinbase announced to consumers through a blog post that the company would be adding Ethereum Classic (ETC). However the listing functioned more as a reprisal for Coinbase, which had previously offered ETC before discontinuing the service at the end of 2016. The move back to ETC represents a testing ground for the company rather than an actual new coin launch, as the exchange looks to avoid another Bitcoin Cash fiasco which led to allegations and lawsuits surrounding insider trading.

Today, the popular U.S.-based exchange with over 13 million users announced their exploration into five new cryptocurrencies:

Cardano (ADA)

Basic Attention Token (BAT)

Stellar Lumens (XLM)

Zcash (ZEC)

0x (ZRX)

The official press release states that in addition to exploring the currencies and regulation entailed, the exchange is considering the coins for addition to their service,

We are exploring the addition of several new assets, and will be working with local banks and regulators to add them in as many jurisdictions as possible.

In addition to the current listing of Bitcoin, Bitcoin Cash, Litecoin and Ethereum, Coinbase looks to capitalize on rival exchanges in offering a broader selection of assets to its userbase. While Coinbase revenue eclipsed 1 billion USD in 2017, the majority of their margin came in the month of December, when crypto trading volume reached a frenzy. Following the news of Binance posting 300 million USD profits through the first half of the year and eyeing a billion by the end of 2018, Coinbase has likely seen expanding its selection as a way to keep up with the competition while spurring greater trade-interest among its massive consumer base.

There are a few takeaways from the announcement worth reviewing:

Coinbase is making it clear that there is no guarantee in listing.

Following the Bitcoin Cash fiasco, Coinbase is taking a measured approach to doling out news related to updating their coin selection. In the case of BCH, Coinbase had announced months ahead that they would be supporting the coin at some point in the near future, without giving specific dates. However, the pump in BCH pricing in the 24 hours leading up to Coinbase’s listing led many users to cry foul over allegations of insider-trading, essentially accusing Coinbase employees of buying BCH in the interim period. By announcing multiple coin listings, in addition to providing subversive language about the nature of partnering with these currencies, the exchange is effectively trying to cloud an exact date for the listing and thereby avoid the previous nuisance of the coin dumping in price upon launching on Coinbase.

Regional Specific.

In addition to being vague on its commitment to listing the coins, Coinbase specifically states that not all currencies may be available to all regional customers within the same period of time. Which means, Coinbase is free to experiment with listing a currency on their exchange–thereby figuring out the kinks in their launch and creating a smoother user experience–prior to exposing the coin to the millions of customers located in the U.S. This gives Coinbase further leeway in implementing the new crypotcurrencies as, again, the Bitcoin Cash situation proved that the exchange was not prepared for such high volume. Besides causing the price of BCH to skyrocket to 3900 USD before plummeting back to 2800 USD in the span of hours, the Coinbase listing crashed GDAX trading for nearly a day, with BCH specific trades withheld even longer. The aftermath of the coin launch has given Coinbase clear indication that they are better served trialing their coin to a smaller audience, before giving it to the masses.

While the Coinbase announcement represents momentous news for the aforementioned cryptocurrencies–effectively exposing them to millions of new customers who have yet to venture outside of the user-friendly Coinbase exchange–the company is likely planning more nuance and subversion in the listing than we previously saw with Bitcoin Cash. Look to the upcoming Ethereum Classic launch as an indicator for how things will go with these new tokens, as Coinbase seeks to rectify the mistakes of last years BCH mess.

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