Stellar Makes History After Hitting 1 Million Account
Stellar has reportedly recorded about one million accounts on its platform. Despite the current market plunge, Stellar is among a few firms that have shown positive growth maintaining its $4 market cap. On the other hand, Stellar’s XLM is currently valued at $021.
The recently published information showed that about 300,000 users had joined the platform in July alone. Recently, the firm took over control of Chain, blockchain building firm based in California. The acquisition by Stellar has mutual benefits for both parties. Stellar comes in with resources while Chain has the best engineering brains.
Sources familiar with the deal indicate that the takeover was a response to the heated battle for top developers between cryptocurrency firms. It also emerged that Huobi from China enlisted XLM on its exchange data after IBM confirmed that top banks will use the Stellar’s digital asset.
Users in 70 countries will be able to carry out mobile transactions after Stellar signed a deal with TransferTo. The platform permits cross-border transactions. Other deals were signed with Satoshi pay, Kilck-Ex and HashCash.
More investors have shown interest in joining Stellar Lumens over its ability to help budding companies. Recently, Shift markets revealed that they had inked a deal with Lightyear to support the incorporation of Stellar Lumens into the crypto world.