Stellar partners with Pundi X to settle IDR currency

Stellar Lumens partners with Pundi X in aim to work for the settlement in Indonesian local currency (IDR) in the future
19 December 2017   1664

On December 18 Stellar Lumens has made an announcement about its partnership with Pundi X platform, which is created in aim to make cryptocurrency accessible by empowering blockchain developers and token holders to sell cryptocurrency and services at any physical store in the world.

As it was stated in the announcement made by Pundi X, two companies will be formulating a collaboration as Stellar Lumens is a distributed payment infrastructure, built on the premise that the international community needs “a worldwide financial network open to anyone”.

In the abovementioned collaboration Pundi X will work with Stellar Lumens for the settlement in Indonesian rupiah in the future in aim to build a better crypto-world.

After the news came to light, the price of Stellar started to rise having increased from $0,27 to $0,3 and the market cap of the coin rose from $4,7 billion to $5,3 within one day. Nevertheless currently the cryptocurrency is showing a decline, having fallen down 4,5% within past hour.

Stellar Charts December 2017Stellar Charts

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

  • Average price: $0,27
  • Marketcap: $4 859 369 903
  • 24h volume: $230 885 000

Stellar Lumens to be a Basis for a Investment Fund

Grayscale Investments launched Stellar Lumens Trust new investment fund
18 January 2019   94

Investment firm Grayscale Investments Barry Silbert officially announced the launch of Grayscale Stellar Lumens Trust, a fund focused exclusively on cryptocurrency XLM.

At the same time, the company renamed all products based on a single digital asset.

New Grayscale Product Names
New Grayscale Product Names

It should be noted that the company managed about $ 825 million as of December 31.

Earlier it became known that Grayscale Investments may hold 1% of all existing bitcoins.