Stellar May Acquire Chain for $500M

As reported, in case of successful negotiations, the owners of the company will receive payment in XLM
21 June 2018   1092

Stellar Development Foundation is negotiating the acquisition of developer of blockchain solutions for the financial industry Chain. The deal can amount to $ 500 million, Fortune reports.

Earlier Chain attracted more than $ 43 million from Khosla Ventures, RRE Ventures, Blockchain Capital, Pantera Capital, Nasdaq, Visa, Citi Ventures, Thrive Capital, BoxGroup and Haystack.

In case of successful negotiations, the owners of the company will receive payment in XLM with the ability to save or sell it immediately upon completion of the transaction.

Previously Stellar invested in working on issues of end-to-end encryption blockbuster startup Keybase.

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   402

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.