In the latest cryptocurrency news, we are featuring the altcoin Stellar (XLM) and its recent surge over the past few days. The cryptocurrency has pursued a steady uptrend since March 7th. The XLM-to-dollar rate was trading at 0.093 which is up 11.20% from the March 7th low.
The pair posted 4% gains in the past 24 hours and recorded $155 million worth of trading volume. This has maximized the stablecoin USDT. The XLM price initiated the uptrend after the Germany-based media company Borsenmedien AG announced that it was purchasing stakes in SatoshiPay. This startup raised over $2 million in funding to this date, using Stellar’s blockchain to enable its micropayment services.
— Lisa Nestor (@nestorious828) March 7, 2019
According to the founder and CEO of Borsenmedien named Bernd Fortsch, this stake acquisition would allow them to integrate a pay-per-article scheme on their online portals. As he revealed:
“There’s a gap in between inexpensive content that can be purchased on a pay-per-article plan, without hassle. SatoshiPay’s nano payment solution represents that missing link that fills the gap. We are excited about our stake in SatoshiPay, as well as the upcoming integration of their solution on our websites.”
According to the current technicals, the XLM price is still consolidating sideways in a range. Currently, it is on a path towards 0.067 which is its current bottom.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]