After the good news on successful partnership with IBM, Stellar is moving towards the next even bigger step. According to the company leaders the next big target is partnering with central banks as the most durable assets are issued by those institutions adding the most value to a currency. In fact the field experts express much excitement about the entire concept of the loud partnership between Stellar and IBM believing that the biggest aspect of it is to provide central banks a strong and efficient cryptocurrency to work with.
According to the most probable version Stellar Lumens (XLM) will eventually become the default cryptocurrency for central banks. Also considering the fact that IBM already provides related solution to some central banks it is expected that these relationships and expertise can be used to implement the assumed key objective of its big partnership with Stellar. In addition as it has been reported the leaders of Stellar already conducted meetings with over 20 representatives of different central banks showing that the company already makes clears steps towards the main goal.
The partnership with central banks will solve the main problem of Stellar which currently is the perception of potential investors towards cryptocurrencies. There still is a measurable amount of people addressing to cryptocurrencies as “not money” while the “involvement” of central banks will increase trust towards the currency.
In addition to increasing demand and adding value to the foundation, this partnership can also emerge Stellar Lumens (XLM) as the leader in blockchain based finance. Due to central banks being powerful institutions and having influence on banks within their jurisdictions the cryptocurrency used in this segment will have great prospective al all the other banks will follow the central banks in using the currency as well.
This announcement has been an exciting one for all the cryptocurrency fans and has already made some visible influence on the performance on Stellar. Meanwhile we all will be looking forward to further updates from the company on this interesting development.