Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Stellar Forum => Topic started by: Domithra on April 22, 2018, 06:33:34 AM
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Anyone who has taken time to look at XLM’s trajectory will tell you that the coin is yet to hit expected highs. But as sentiment is likely to dictate what happens on the market, a lot that goes off it could be the driving force behind everything. It is the numerous partnerships that could fast-track XLM’s presence around banks and other financial institutions. And to be blunt about it, cryptos like Stellar need partnerships for them to get into mainstream use.
So, who among the more than 37 official anchors and companies that support the crypto have the greatest impact?
It would be unfair to say that the others have a lesser role in Stellar’s march to the top. They all have their part in the bigger picture, yet the three companies below take a lion’s share of the great vibe surrounding the Lumens.
IBM
This is often quoted as the deal maker for Stellar’s ambition to conquer the banking system by revolutionizing how money moves across borders. The deal with IBM might have raised a few eyebrows at first. This is due to the well-known fact that it was an active competitor in the blockchain sector. However, it has since emerged that the software giant could be the launch pad from which Stellar penetrates the cross-border payments ecosystem. The recent announcement that it was exploring avenues to have Lumens adopted by a number of central banks puts StellarLumens in a very strong position against XRP. When the details of this deal are finalized and fine-tuned, Stellar could experience exponential growth.
Deloitte
Stellar partnered with Deloitte in 2016. At the time of the announcement, the consulting firm revealed that its aim was to help tackle everyday challenges that bedevil digital banking. The firm is instrumental in getting XLM adopted by some of its clients who account for over 80% of the Fortune 500 companies. Apart from offering consulting services featuring Stellar, the firm is also vital in ensuring consumers understand the use of blockchain. With innovative apps like the iOS phone app and a web portal, the firm is helping grow Lumens’ use to its customers.
ICICI Bank
The Industrial Credit and Investment Corporation of India (ICICI) is a top banking and financial service provider in India. Many in the West doubted a partnership with a bank that was considered unknown. The 2016 partnership between Stellar and this top India-based bank could prove to be very vital to Stellar. India has one of the world’s largest populations, most of which are unbanked. As such, Lumens could be a vital bridge currency for transactions involving banking the unbanked. The deal could be central to Stellar’s foray into the lucrative Indian market, whose population is just beginning to get into cryptocurrency.
With a host of partnerships to count on, Stellar (XLM) is ticking all the right buttons and could well be on its way to mass adoption. It will be interesting to watch how their rivalry with Ripple (XRP) plays out.
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I definitely agree but I think it's going to take a while. I'm really impressed with IBM and ICICI Bank though, its kind of funny how they're scooping up killer deals like this and not ripple even if founded upon some of the same code.
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But most important are the projects that will run on the xlm network. I am getting involved by RoleCoin great and potentially very beneficial project.
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cool ill try to give RoleCoin a look.
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That is really cool, the information is really vital
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HAve a look at the bounty opportunities … btw a whale investor opted for 4 mln usd worth of role coins
https://alpha.CCX/bounties/325866
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Honestly I hope XLM overtakes Ripple. Ripple is such a shitty coin and I don't trust their #DevelopmentTeam for a god damn second.
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Honestly I hope XLM overtakes Ripple. Ripple is such a shitty coin and I don't trust their #DevelopmentTeam for a god damn second.
stellar almost overtake ripple, $0.21USD vs $0.29USD currently. With big partnerships and massive xlm adoption, it's not impossible if Stellar can overtakes ripple as well
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We also can see more and more icos taking up xlm platform because of the amazing capability it has. This will drive even more adoption.
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We also can see more and more icos taking up xlm platform because of the amazing capability it has. This will drive even more adoption.
right,
Stellar is fast, convenient, simple and easy to use.
The price still cheap, still affordable.
Transactions are faster than ethereum.
So it is not impossible if many icos team prefer to choose stellar platform to run their project.
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Digital assets must be joinning with many institution to real use. Not only for digital aset, but also joining real economic ecosystem. It make the coin use full. And still alive. If coin didn't join any real institution it will be die soon..
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stellar is developing at a great pace and it is reaching out to the real world to integrate with the business.
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In my opinion, this is indeed a good collaboration because it involves large companies, including: IBM, Deloitte and ICICI Bank.
This also shows how enthusiastic Stellar is for being able to provide something perfect for his progress.
Stellar is able to work with these big companies because Stellar is able and rises from adversity and this is proof that we must continue to be enthusiastic in developing cryptocurrency.
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This time XLM coin price is low than the XRP but i hope that in future the XLM coin go to high and i hope that this time it touch almost the 20$ high and the XRP coin price touch the 50$ almost.