Stellar Lumens (XLM) Will Ride Cryptocurrency Payment Adoption Wave in 2019
Stellar Lumens (XLM) is a lesser known top 10 cryptocurrency that is set to take center stage in the blockchain space in 2019 and beyond.
In 2019 an increasing share of the public will begin to adopt various cryptocurrencies as a faster and cheaper means of making payments and transferring funds, and Stellar Lumens (XLM) is positioned to take a large chunk of the market for smaller personal transfers and payments, particularly in the developing world.
Just like the case of Ripple and XRP, Stellar is the name of the network technology and Lumens (XLM) is the name for the actual coin traded on this network. Similar to Ripple (XRP), Stellar Lumens (XLM) is a 2nd Gen cryptocurrency designed specifically to provide a faster and cheaper method for making payments and transferring funds, particularly between different fiat currencies and across national borders.
The difference between Stellar Lumens (XLM) and Ripple (XRP) is that the Stellar technology focuses on facilitating payments between individuals, while the Ripple technology was designed to replace the institutional system for international payments, the SWIFT network, used by banks and other major financial institutions.
Stellar Lumens (XLM), by contrast, was designed to be more open-sourced and accessible to average people, which makes it ideal for use in developing nations where access to payment and transfer systems is more limited than in the developed world.
Stellar Lumens (XLM) and the Adoption Wave of 2019
While the blockchain space in 2018 was dominated by the sudden mass awareness of blockchain technology and cryptocurrencies, and the corresponding manic price action, 2019 will be the story of the widespread adoption of cryptocurrencies for actual use beyond an alternative asset class for investing.
The two current coins that are most likely to dominate this adoption trend are Stellar Lumens (XLM) and Ripple (XRP). While Ripple (XRP) will rapidly replace the SWIFT transaction system used by financial institutions, Stellar Lumens (XLM) will see widespread adoption by average people for facilitating transfers and payments, particularly in the developing world.Changing the World By Changing Transactions. Click To Tweet
The demand for an accessible system of payments and transfers in the developing world is enormous, and Stellar Lumens (XLM) represents the kind of world-changing technology that blockchain enthusiasts have long argued was inevitable.
While Ripple (XRP) may be seeing more widespread adoption now as it conforms to existing transaction systems, Stellar Lumens (XLM) promises to change the global system for transactions itself. If individuals around the world can quickly and easily make payments and transfers across any border or existing fiat currency using XLM and the Stellar platform, then the demand for institutional transfers will be rapidly replaced by this new system for direct payments.
Position Now in Stellar Lumens (XLM) to Profit in 2019 and Beyond
With cryptocurrencies at current lows after the mania of 2018, now is the perfect time to take long term positions in those cryptocurrencies that are set to dominate 2019 and beyond.
The market for individual transactions is potentially enormous, and Stellar Lumens (XLM) is well-positioned to dominate the potentially explosive growth for personal transfers and payments powered by blockchain technology.
Disclaimer: The author of this article does not currently invest in any cryptocurrencies so that they can offer an unbiased opinion on the contemporary cryptocurrency and blockchain space.