Stellar partners with Korean exchange GOPAX

The price of Stellar Lumens coin rose more than 50% after the announcement regarding Stellar partnership with a developing Korean exchange GOPAX
06 December 2017   2740

The previous week was quite successful for Stellar Lumens as the coin has shown a significant price jump increasing almost 120% and the market capitalization of the coin exceeded $1 billion, as we reported on December 2.

On December 6, Stellar, the open-source network that lets users build low-cost financial products for their community, has made an announcement about its partnership with new and developing cryptocurrency exchange GOPAX, based in Seoul, Korea.

At the moment of press, these are main market parameters of Stellar Lumens:

  • Average price: $0.15
  • Marketcap: $2 767 764 423
  • 24h volume: $338 747 000

Previously, we reported that Korea is making plans to cancel the ban on ICO.

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   288

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.