Stellar is a cryptocurrency with interesting features. It is a non-profit organization whose goal is to allow everyone to send money to anyone on the planet, regardless of currency. The transaction will take three to five seconds. The time it takes to be validated by the blockchain. In addition, the network will be responsible for finding the best possible exchange rate and transaction fees will be almost zero. The project sponsors make a point of developing their activities in emerging countries, where bank fees are often excessively high.
Stellar price in September 2017
Initially Stellar started with 1.51 INR, there was a decline in the price of Stellar as the team was getting into collaborations, introducing grant programs and making new partnerships. In addition, it rose and stabilized at 0.90 INR.
Stellar price in October 2017
There were even more exciting partnerships with IBM and KlickEx promoting cross-border payment projects in October 2017 owing to which Stellar started at 0.84 INR on 1st October 2017 and moved up to 1.89 INR on 31st October 2017.
Stellar price in November 2017
Stellar started from 1,77 INR on 1st November 2017 and owing to continuous spike in market trends it finally settled at 4,26 INR on 30th November 2017.
Stellar price in December 2017
Stellar started off on a spectacular note on 1st December 2017 at 5.73 INR and finally reached 22.84 INR on 31st December 2017 which was an expected surge because the team had initiated numerous tie-ups with financial institutions based out in Switzerland, Australia, Indonesia, Malaysia, Korea and Nigeria.
Stellar price in January 2018
XLM wasNR 31.74 on 1 January 2018 and it was trading at INR 30.51 on 31 January 2018.
Stellar price in February 2018
XLM initially from INR 33.59 on 1 February 2018, dipped down to INR 22.20 on 28 February 2018.
Stellar is an open source project based on a hybrid blockchain. It facilitates payments and transfers of value between assets. Stellar is a global financial network open to all players, whether they are people, payment networks or banks.
The Ripple's clients are the major financial institutions while Stellar speaks directly to the individual. Unlike Ripple, which focuses mainly on large banks and institutions, Stellar focuses on micro-payment transfers, that is, trading in small amounts.
More Features about Stellar
Stellar is a decentralized platform designed to implement different financial applications. Stellar provides its users with its own independent stock market to trade all types of assets and currencies. This open-source project allows fast payments, validated in 2 to 5 seconds and for very low operating costs. Up to 1000 operations per second can be handled by the Stellar network.
Beyond an important technological leap, this is a new sign of the growing involvement of financial entities in the world of digital currencies. Involving big names such as the National Bank of Australia, TD Bank or WorldCom Finance, it is clear that IBM is getting ahead of its competitors.