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   2003

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

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   230

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.