Stellar is an open-source, decentralized payment technology, which aims to supply a bridge between users and financial institutions. The network was founded in 2014 by Jed McCaleb – the co-founder of RippleNet – as a non-profit organization called the Stellar Development Foundation. The Stellar protocol aims to supply financial services to those that previously had no access to banking. once you buy stellar, you'd pay the complete value of XLM upfront, within the expectation that it'll increase in price and you'll take advantage of the market movement. you'd buy stellar through a cryptocurrency exchange, which may be a lengthy process. Stellar works as a peer-to-peer network that permits the transfer of digital and fiat currencies, also facilitating cross-border transactions.
These transactions aren't always directly between two participants, as there is often chain of currency conversions. for instance, a transaction from euros (EUR) to US dollars (USD) could involve transactions from EUR to bitcoin (BTC), BTC to XLM then XLM to USD. Stellar provides an entire trading system solution with an intuitive front, comprehensive order, and risk management, combined with industry-leading performance. Stellar trading delivers leading-edge capabilities to the professional trader. In today's competitive markets, speed is everything.
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