Stellar Lumens Applications Could Evolve A Lot: XLM Use Cases

The Stellar Lumens applications have been a viral topic lately. Just like several other cryptocurrencies, the XLM token has been making quite a lot of advancements lately. A couple of days ago, Stellar announced its brand new applications and tweeted:

“Don’t forget to register for Consensus Distributed so you can watch us live next week as we present in the Foundations track. We’ve got a great line-up.”

Don't forget to register for #ConsensusDistributed so you can watch us live next week as we present in the Foundations track.

We've got a great line-up: @denelledixon @jedmccaleb @karenhsumar @CraigDSTOQ @cowrie_exchange @KeybaseIO

Register here: https://t.co/m8vJqRxMAp https://t.co/hCQCuVusuI

— Stellar (@StellarOrg) May 8, 2020

Meanwhile, GrayScale recently acknowledged that XLM along with the Stellar Network have got a massive potential to become the preferred currency and payment platform for low cost, a cross-border transaction which will occur with widespread adoption.

As they are now in the focus of the cryptonews, the Stellar Lumens applications have a massive potential. As a part of Grayscale Insights already stated, together (XLM and Stellar) they will strive to achieve greater financial inclusivity by connecting the entities ranging from merchants and financial institutions – to individual users. Especially, the focus will be to ones without access to traditional banking services.

This even caught the eye of some analysts, one of which was Sydney Ifergan, tweeting that the Stellar Lumens applications are special in a way.

#StellarLumens (#XLM) is special among all digital assets as they are giving special emphasis to reach out to the unbanked.

— Sydney Ifergan (CryptoSYD) (@SydneyIfergan) May 9, 2020

Stellar also announced that the first pre-release of the Kelp GUI is available for download. However, people are yet to learn about the true benefits of the Stellar Network. For one, they will be able to pay businesses in crypto/stablecoins and have them settle in fiat will be one of the key factors driving mass adoption of blockchain networks.
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Speaking of, the Stellar XLM news also show that mass adoption should be easy in Stellar’s case – and not complicated at all. Even with the best technology, when people are not sure of how to use it, they will eventually figure out the Stellar Lumens applications and be assisted.

On a larger scale, if businesses and governments use XLM for paying their employees with less processing time, XLM could evolve to be more efficient and cost-effective than legacy systems by facilitating greater interoperability of other cryptos.

Meanwhile, the price of Stellar (XLM) today is at $0.072 with a 1.79% loss and a market cap of $1.46 billion. Currently, XLM is trading at the 11th place just below XTZ and above LINK.