Fans of the world Crypto seem to begin to account for the Stellar Lumens (XLM) Blockchain development. Currently, XLM has become one of the digital assets that started a lot of glance. No exception by crypto enthusiasts in Indonesia.
XLM is a native crypto (native) that operates over the Stellar software technology launched in 2014. The main vision of the Stellar platform is to be a cross border or inter-state payment solution that eliminates intermediate (Midleman). The Platform promises a very short transaction completion, which is only 5 seconds. This is faster than Etheruem which takes 3.5 minutes.
Stellar's vision is roughly the same as Ripple (XRP). The similarities are both not without reason. Stellar founder Jed McCaleb was involved as the co-founder of the Ripple project in 2012. Two years later, McCaleb left Ripple and founded Stellar. The reason is that he wants a blockchain project to be more helpful to unbank communities in developing countries.
Therefore, when Ripple cooperates many banks and financial institutions within the cross border payments ecosystem, it is with Stellar. Stellar wants to empower ordinary people to easily send cross-country money with transaction speeds in a matter of seconds, at no cost and without intermediary roles such as banks.
For investors and crypto traders in Indonesia who want Halal products, Stellar has added value. This crypto asset has been certified Halal on 17 July 2018 then from Bahrain-based Shariyah Review Bureau (SRB).
In addition to technology excellence, this halal stamp is also the reason for a number of crypto-buy exchanges in Indonesia to trade XLM on their platform. Rekeningku.com, for example, has started trading XLM since January 30, 2019 then.
Sumardi Fung, CEO of Rekeningku.com, said, the platform's users are quite enthusiastic about XLM. "A day around Rp 400 million of its transaction. Quite positive for at the beginning of the listing, already many are sent in and send out, "said Sumardi, Wednesday (6/2).
Sumardi claimed, the excess XLM lies in the completion speed of the coin delivery transaction between the exchangers which almost instantaneously also (instantly) up to the recipient's address. The cost is also very cheap. We charge to the person only Rp 200, no matter how many coins are sent, said Sumardi.
Due to this inexpensive speed and cost, XLM is widely used for shipping remitensi. While Bitcoin is rarely used for shipping remitensi due to its long delivery time, about one to two hours.