Stellar Lumens is one of the highest potential cryptos in the market today.
Just to be clear, Mobile Coin is a privacy cryptocurrency that aims to integrate with mobile messaging platforms such as WhatsApp. MobileCoin nodes will use Stellar Consensus Protocol, which is known for low latency and flexible trust. Stellar Lumens will have access to over one billion users if MobileCoin succeeds in integrating WhatsApp. Since MobileCoin is using Stellar Consensus Protocol, people will use Stellar as a medium to convert MobileCoin to fiat currency and fiat currency to MobileCoin.
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- Mobile Coin has announced to adopt the Stellar Consensus protocol in creating their network.
- The team claimed this will help them to achieve high transaction speeds and scalability.
Although Stellar Lumens is a fork of Ripple, the two coins are different.
The Stellar platform was in the center of attention regarding the news of the MobileCoin ICO, which recently increased to $30 million. Integration to the WhatsApp platform would give Mobile coin instant access to over one billion user, all of them using Stellar Lumens as a bridge. Source link Signal’s cryptocurrency named MobileCoin decided to raise $30 million for a new project involving mobile payments. With a $30 million partnership with Binance, MobileCoin hopes to bring blockchain technology to the world of mobile payments.
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The platform is a decentralized network that supports assets added by Stellar Lumens users.
“A mobile-first, user-friendly cryptocurrency, like MobileCoin, plays a critical role in driving mainstream cryptocurrency adoption,” Binance Labs said of the deal. Stellar Lumens is currently trading at $0.386818, a 6.2% fall in the previous price. On the other hand, MobileCoin will use its funding to create a proper team and develop working processes at the same time as its product is being developed. Stellar Lumens recorded one of the most significant hikes for a coin in the top ten categories.
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Mobile coin is backed by Binance labs, which means that it will be listed on Binance, one of the world’s largest crypto exchanges in the world.
A recent plus to Stellar Lumens that got everybody excited is the announcement that Mobile Coin team would be using the Stellar Consensus Protocol to create their own network. AnclaX is a Columbian based exchange, and their collaboration with Stellar allows Columbians to transfer the Columbian peso across the border using Stellar Lumens. They chose Stellar simply because they believe it offers them the speed and scalability potential to meet the potential of mobile coin large scale adoption. The nodes can then provide software services to users, like apps that seamlessly integrate easy and quick MobileCoin transactions.
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The mobile coin team could have chosen any other blockchain, but they choose Stellar!
Current Performance of Stellar Lumens People have always compared Stellar Lumens and Ripple because Stellar Lumens founder founded the coin on the protocol of Ripple. Hitherto, the KIN blockchain project and the KIN Foundation have not allocated any details which will show the migration to the Stellar network. The news about MobileCoin’s integration has brought massive attention to Stellar Lumens. Computers can still check that an enclave is running the right software to validate it before connecting, but neither MobileCoin users nor node administrators can decrypt and view the enclave.
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Crypto World: In the present cryptocurrency community, Stellar Lumens (XLM) is rising to overtake Ripple (XRP) as the top cryptocurrency in cross-border payments.
Integration of Mobile coin to chat messaging platform would give it an instant access to billions of users, everyone using Stellar Lumens as a bridge. Mobile coin has some big backers including Binance Labs, and has raised over $30 million in the last round of funding. MobileCoin transactions will synchronize to the coin’s network using the Stellar Consensus Protocol for scalability and speed. Bitfinex announced that it is adding Stellar Lumens to its exchange platform. Contents The price of Stellar jumped nearly 20 percent on news that MobileCoin, a privacy-based mobile token that uses its Consensus Protocol, had a successful $30 mln ICO. The integration will have enormously positive effects on the price of Stellar Lumens in the long run.