XLM or Stellar Lumens, are the native tokens of the Stellar Payment network. Stellar was created by Jed McCaleb, who was also a co-founder of Ripple as well as Joyce Kim, a lawyer. Stellars original goal was to be a decentralized protocol for digital currency to fiat transfers which would borderless transactions between any 2 currencies.
Stellar (XLM)
When Stellar Launched, they released 100 billion tokens. The founders donated a quarter of those tokens to the unbanked and underbanked through non-profits as a means of spreading adoption and helping those in need.
Recently Stellar partnered with computing giant IBM on a variety of intiatives. Most notably, IBM signed on 6 international banks to issue stablecoins, on World Wire, an IBM payment network that uses the Stellar public blockchain.
If you are looking for a place to buy and sell Stellar (XLM) with Canadian dollars, look no further than Bitbuy. Bitbuy is Canada’s choice for buying, selling or trading digital currency.
We make buying and selling Stellar Lumens safe.
Every transaction you make on Bitbuy is encrypted using Secure Socket Layer technology with two-factor authentication solutions implemented throughout. Bitbuy operates with a 95% cold storage reserve for all digital currencies in custody and executes daily encrypted and distributed backups for disaster recovery. Feeling safe that your digital currencies are protected is core to our mission.
