Saldo.mx Chooses Stellar Blockchain for Its Mexican Peso pegged Crypto

Stellar Lumens has been gradually making waves and attaining new heights in the digital currency industry. Stellar Lumens has recorded a considerable level of success over the past couple of month. While other digital currencies are struggling to hold gains amidst the present bearish market, Stellar Lumens has been securing new partnerships and releasing new updates and developments. Stellar Lumens (XLM) is currently the 11th largest digital currency by market cap. Recently, the crypto project released some of the developments and update that took place in the ecosystem over the past month.

Stellar Lumens Latest Developments and Update – Stellar Lumens News Today – Cryptocurrency Market Update – Cryptocurrency News Today

The recent report of the project revealed that there has been a series of update and developments on the Stellar Lumens ecosystem over the past month – the month of July. Some of the update that the network saw in July include Stellar Core V.11.3.0, Stellar Ticker V.1.1.0, and the Horizon V0.19.0. The project also managed to reset the test network of Stellar successfully on the 31st of July. The community has promised more developments and updates in the coming months. Stellar Lumens is focusing more on its network, they are trying to make it the go-to blockchain platform for those that want to come into the blockchain space.

Saldo.mx Wants to Use Stellar Lumens Network for Its Mexican Peso pegged Crypto

The developments around Stellar Lumens and the progress it has achieved so far is now serving as a point of attraction for the blockchain project. Saldo.mx is currently using the Stellar Lumens platform. Saldo.mx is a Latin America international payment firm. The co-founder of the payment firm – Marco Montes Neri – recently said that the firm would be using the blockchain of Stellar Lumens to issue its own digital currency. According to the co-founder, the digital asset Saldo.mx wants to issue is pegged to the Mexican Peso. In a statement, Montes Neri said:

“In order to transform how remittance works, we need this transparency and irreversibility that blockchains such as Stellar Lumens offer. The network of Stellar Lumens is very optimized for payments. We do not need complex capabilities, smart contract, what we need is efficiency.”

Stellar Lumens also has very active and outspoken personalities around it. The Chief Executive Officer of the Stellar Development Foundation – Denelle Dixon – recently released a medium post regarding the policy of blockchain. In the post, the CEO spoke generally on digital currencies and blockchain. She also talked about the currency concern, misinformation, and confusion of using digital currencies and blockchain for payments. A snippet of her post reads:

“We want to help clear up confusion and alleviate concerns through engagement with the ecosystem, regulators, and policymakers alike. For us, success would be a shared understanding of the application of existing rules and a clear idea of where new rules may be necessary.

Stellar (XLM) Price Today – XLM / USD

NamePrice
bitcoin
Bitcoin
$8,212.380.331%
stellar
Stellar
$0.0640.905%

The Impact on XLM Price 

This new development can positively influence the price of Stellar Lumens. Stellar Lumens has been holding its position strongly for quite some time. The blockchain project has been doing all it can to remain relevant in the industry. In terms of price, Stellar Lumens price performance has not been bad. At the press time, XLM USD price is $0.0782 after an increase of about two percent over the past twenty-four hours. The current market cap of the digital currency is $1.5 billion. The trading volume of XLM over the past twenty-four hours is $79 million.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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