XLM prioritizes tokenization after Stellar tweeted about the major barriers that are separating crypto and blockchain from mass adoption. The companies are trying to break these obstacles but there’s a certain kind of infrastructure that is required to make adoption possible at a faster rate as we are reading in our Stellar news crypto.
Blockchain and crypto are the future of money in a way of creating platforms that need stuff that is layman-friendly with less tech knowhow which is the most needed aspect to get to mass adoption. The users feel it would be nice for crypto assets to be usable for paying all kinds of goods and services. Sydney Ifergan, the crypto analyst tweeted:
“Useful technology finds mass adoption very soon. I see Stellar Lumens (XLM) are progressing to make a mainstream impact.”
Stellar has gone line in the past on the Samsung Blockchain Keystore and partnered with Samsung to recruit and to support developers in the ecosystem to eventually create apps and services that will be compatible. When there are enough support people are not hesitant about creating on the network so support is only a factor in mass adoption. According to the Stellar Development Foundation, XLM prioritizes stable coins and tokenization even before this term was ever known. The main focus of Stellar was to provide a core focus regarding asset insurance. The major focus of Stellar was to create a tradeable digital asset that can be backed by any real-world asset. This was not only by fiat but also for other cryptocurrencies, stocks, or bonds. They claim that the ability to issue and redeem the assets is one of the most important features of stellar.
Yes, #blockchain is delivering value to the world, but not to the the *whole world*, especially the financially underserved. In this regard, we're just scratching the surface. Its my pleasure to collaborate with @mary_saracco to push this forward. Brick by brick, we're building. https://t.co/aOk0MOVHc3
— Lisa Nestor (@nestorious828) September 29, 2020
Stellar is providing a generalized tool kit that can be used to launch stablecoins. These coins according to the SDF will provide a simple code with the in-built compliance functionality. Tokenization is also very important for the XLM network as they have ensured that the supporting code is easy to work with but it is also quite reliable. The anchors are stablecoin issuers on Stelar and they can connect to the systems while still converting and handling KYC at the same time. Of course, this could be easy for any financial institution to accept deposits and will also be easily integrating with stellar so making the money flow between digital and traditional rails will be easier.
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