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   1299

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 to collaborate with Veridium, Environmental Firm

Environmental blockchain company Veridium Labs Ltd announced about the partnership with Stellar and plans to simplify the whole carbon footprint process
28 June 2018   258

Veridium created the world’s first environmental social impact token and is developing disruptive sustainability solutions for the Fortune 500 companies. Last month, the firm declared about its partnership with IBM, which planned to make the process of offsetting companies’ footprints easier.   

It was also approved by the source that Stellar’s distributed, open-source, and hybrid blockchain will let Veridium to “accurately track carbon credits in real time to mitigate the environmental impact of the goods and services being transacted”.

We are very excited about the momentum Veridium has had since our announced partnership with IBM. Our new collaboration with Stellar and the addition of our advisory board members are important steps in making a decentralized carbon credit industry a reality so we can truly bring about global environmental change.
Todd Lemons,
Chairman, Veridium

It is as well believed that once Veridium begins running on Stellar and IBM Hyperledger Fabric blockchains, the firm will be able to evaluate the whole carbon footprint process. It will measure and compensate footprints by converting carbon credits into tokenized assets that hence can be displayed and integrated into corporate accounting systems more easily. The total process of tokenization of assets is supposing to raise trust and integrity in the flow of information among trading partners and network users.