The blockchain project's own cryptocurrency Stellar XLM continues to climb this Monday - in the last 24 hours, growth was 10%, and in a week, 25%. The XLM trading volumes together with this reached $ 266 million, thus returning to the levels that the market last saw in September 2018.
Events are developing against the background of the announcement of the micro-payment service SatoshiPay of March 7, according to which the German media company Börsenmedien AG will provide him with financing, having bought out a five-percent share in his business. In addition, the companies have entered into a strategic partnership agreement, under which SatoshiPay payment solutions will be integrated into the Börsenmedien AG platform via the Stellar distributed network, which will allow readers to send transactions to content authors directly from their wallets.
“We are pleased to become a strategic partner of Börsenmedien AG, who firmly believes in the mission of SatoshiPay both as an investor and as a content provider. The digital materials of the group, such as videotapes, PDF files and e-books, are the ideal scenario for applying our technology, ”said SatoshiPay CEO Meinhard Benn.
Liza Nestor, Director of Cooperation at the Stellar Development Foundation, commented on this news: “The introduction of direct micropayments through the SatoshiPay platform has tremendous value for various industries and regions. Buying content is an obvious starting point. SatoshiPay continues to pursue its goals by attracting such particularly important partners as Börsenmedien AG. ”
In late February, Stellar was hinted at possible prospects by IBM’s vice president for blockchain and digital currencies, Jesse Lund. According to him, in the near future, about 40 banks can join its payment network Blockchain World Wire, in which XLM is used as an intermediate currency. At the same time, Land clarified that IBM could start working with other cryptocurrencies in order to provide users of the service with a choice.
