Stellar Lumens News Today – October 4

 

  • Coinbase Unveils Full Support for Stellar Lumens (XLM) and Four Other Cryptocurrencies
  • Coinbase UK Regains Access to UK Fasters Payments Scheme (FPS)

Stellar Lumens News Today – Stellar Lumens has been somewhat stable over the past view days. Since the digital currency surged by over 40 percent in less than two days and returned to the top 10 cryptos, it has remained in that position. Stellar Lumens (XLM) has been holding the 10th position on the list of top digital currency by market cap for about a week now, and the digital currency does not look like it would give up that position anytime soon. Rather, it might even climb up the table due to the recent bullish news around it. 

Stellar (XLM) Price Today – XLM / USD

NamePrice
bitcoin
Bitcoin
$7,178.76-5.26%
stellar
Stellar
$0.057-4.35%

Coinbase Unveils Full Support for Stellar Lumens (XLM) and Four Other Cryptocurrencies

According to a recent announcement on the official blog of Coinbase, the digital currency trading platform just unveiled full support for five more cryptocurrencies. The exchange did this in addition to the digital currencies that they already support. With this development, thousands of Coinbase users can now buy, sell, trade, receive, and store any of these new digital currencies with fiat form their GBP wallet. Coinbase users can fund their GBP wallet easily by using a GBP bank account or through their credit and debit cards. 

Besides Stellar Lumens (XLM), the digital currency trading platform unveiled full support for four other digital currencies. The other digital currencies are Ox (ZRX), XRP (XRP), Basic Attention Token (BAT), and Aurgur (REP). 

Coinbase UK Regains Access to UK Fasters Payments Scheme (FPS)

A couple of months back, there was an announcement that the partnership between Coinbase and Barclays has ended. According to the announcement, the bank will stop providing financial services for Coinbase. Due to the volatile and nascent nature of the digital currency market, trading platforms usually have difficulties in striking deals with banking institutions. 

Coinbase secured a deal with Barclays back in March last year. The news got the entire digital currency space excited at the time. After a year of collaboration, news had it that the bank developed cold feet and decided to back out of the partnership for reasons best known to it. The trading platform quickly found a replacement in ClearBank. However, the backing out of Barclays had a small negative impact on the business of the trading platform. 

This is because Coinbase had access to the United Kingdom Faster Payments Scheme (FPS) through Barclays. The FPS supported instant withdrawals and deposits of GBP. However, with the helped of ClearBank, Coinbase has regained access to FPS. 

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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