HitBTC announces listing Lumens (XLM), the asset of Stellar borderless payment network.
The brainchild of Ripple founder Jed McCaleb, Stellar is an open-source distributed payments infrastructure, connecting financial institutions to reduce the cost and time required for cross-border transfers.
Like most decentralised payment technologies it relies on a network of servers to power a distributed ledger, but unlike Bitcoin, for example, it only uses a portion of the network to achieve consensus. This makes for much faster transactions, as well as lower transfer costs
Stellar greatly facilitates B2C and C2C payments, a necessary and long-awaited achievement in today’s world without borders. We are excited to provide HitBTC clients with the opportunity to trade Lumens on the exchange,
says HitBTC CPO Paul Clarkson.
Read More: https://altcointoday.com/hitbtc-is-now-listing-stellar-lumens-xlm-and-opens-3-new-markets-with-iota/