Stellar Lumens
What is Stellar Lumen
Stellar is a blockchain network whose primary goal is to expand financial inclusion by designing accessible, easy-to-use, and affordable worldwide payment systems.
Stellar Development Foundation, a non-profit organisation founded by Jed McCaleb, Ripple Lab’s co-founder in 2014, is the brains behind Stellar.
Lumen is Stellar’s native token, and it currently trades under the symbol XLM.
Stellar’s main aim is to build universal access, and involvement in the global economy as most of the world’s population are still unbanked.
Is Stellar Lumens a good investment?
Many experts believe that XLM prices could go up in 2022 and 2023. This is because it has fostered strategic partnerships with well established centralised institutions such as Tempo Money Transfer, TransferTo and Deloitte, among others.
It is important to note that although Stellar supports smart contracts on its network, the Ethereum Virtual Machine is not compatible with its smart contract feature.
As always, it is imperative to carry out extensive research before investing in any cryptocurrency before you decide whether to put your hard-earned money into it or not.
How to buy Lumen
You need to get a Stellar wallet and get an XLM address.
Go to CEX.io or the eToro site and choose to buy XLM using a wire transfer or a credit card.
Send the XLM to your preferred wallet for storage.
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