CRYPTO-CURRENCIES : The Success Of Stellar's Depends On Ripple's Reputation

Recently, we have seen the rise of a group of digital currencies, including: BITCOIN, ETHEREUM, RIPPLE, BITCOIN Cash, LITECOIN, and recently joined by Stellar (XLM). The XLM was a spectacular success by the beginning of 2018, The most popular 10 popular digital currencies, STTELAR achieved this dazzling success when it rose 60% to record a record of $ 0.9185 on Wednesday 3rd January 2018. Although it is currently trading at a low price, it is still among the 10 currencies The most popular until the moment, and so resist the fluctuations that weigh heavily on them.

The Stellar capital is now $ 9.28 billion, trading at $ 0.450, noting that it has increased 284% since December 10, 2017.

Who stands behind Stiller? The special development team includes Patrick Nautarsky, Boris Reznikov, Head of Partnerships, and David Mazier, Chief Scientist. The list also includes the grandfather of the founder of the RIPPLE coin, and MT Cox is a founder of the Staller creators, dating back to 2014.

The currency is supported by the Lumen system, which is the real origin of the Stellar network, where one lumens is equivalent to one currency, such as the decomposition. The founders mean that the lumen is integrated into both the currency network and its assets, which is used by the network to indicate that one of its components is integrated in the account log. Stellar came out of the womb of RIPPLE currency, and according to what the founders call it: hybrids, working with an entirely open-source cluster.

Free distribution of the lumen is what attracted users:

We find a sign on Stellar that free lumens were meant to "create a comprehensive digital economy". This has also stimulated the buying of alternative emerging currency.

Jeff Mahoney, CEO of Ubiquicoin, a decentralized digital currency, explains that Steeler, as a branch of Repel, has installed RIPPLE’s success wave, as users have found that RIPPLE’s performance has been positively improved. This success was also attributed to the free distribution of Stellar Lumen at the beginning of June 2017, and the number distributed was 16 billion Stellar Lumen, for people who owned a home on Block # 472889.

Stellar is similar to RIPPLE’s mother currency in terms of its extensive reputation for banking and financial institutions. Joav Dror, Vigin's Executive Director, says:

"Stellar and RIPPLE are similar in technology (in fact Stellar is just a branch of RIPPLE), and the team is both excellent, but there is a difference between the two currencies. As the alternative to financial institutions and banks, the ideal solution for the completion of financial transactions between people, both are in the orbit of financial technology, and are talking with each other to determine which will be the future standard in the payment platforms. STTELAR offer 50% of Repel, while the capital does not exceed 12 It is very reasonable that n Keep in mind that Stiller will rise in the near future. "

Some believe that Stiller is a superior version of RIPPLE, including Ken Warwick, who believes Steller is superior to RIPPLE in many ways.

This is due to the superiority of its construction, which depends on an open source, and the ultimate goal is the user and not the bank, he says:

"Stiller is more powerful than Repel, it has the ability to make a first offer of the currency, which is one of the most important factors that helped to raise the price over the past 18 months."

A banking revolution, followed by RIPPLE and Steller:

Nolan Baurel, director of research at Quendisk, says:
"RIPPLE and STTELAR LOMEN aim to change the banking sector, which is limited in geographical scope, and we find that the returns from correspondent banking operations, cross-border payments and business finance systems are the proceeds of these easy-to-harvest, multi-billion dollar operations. Many opportunities for a set of digital assets can become effective agents for change, but the problem is that the usefulness of encrypted currencies cannot be measured by their deliberative value and fluctuating activity, both currencies are in a race to bring digital assets to people around the world “.

We note that the banking industry and financial institutions are putting encrypted currencies into consideration and do not view them as a form of fraud. A group of financial institutions around the world are planning or have already taken a serious step towards partnership with RIPPLE and Steller, including: American Express, Santander in Spain, Swiss Swiss Group, and Standard Chartered in the UK, EM, Deloitte, Wanxiang and Chinese Labs, the location of the payment of the Streep payments.

With the growing acceptance of such currencies, it is irrefutable that these assets will become a common trend among people. The process of change and development of the banking industry is now led by RIPPLE and Steller.

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