Latoken, MobileCoin And CoinGate Support Stellar And Its Network

The Estonia-base cryptocurrency exchange Latoken has recently announced support for the Stellar network and its XLM cryptocurrency. The information was released a few days ago by the trading platform in a blog post.

Stellar is the fifth largest virtual currency in the market in terms of market capitalization ($4.63 billion dollars). Each XLM token can be also bought for $0.2443 dollars.

The official announcement reads as follows:

“Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost.”

At the same time, the platform has also listed the Stellar-based token known as SureRemit (RMT). The trading pairs for this token are RMT/BTC, RMT/ETH, RMT/USDT and finally RMT/LA.

Latoken is a cryptocurrency exchange that focuses on providing liquidity for new tokens in the market. According to the company, Latoken reached the top 50 ranking in terms of trading volume.

The company has more than 80,000 registered traders and there are more than 180 different cryptocurrency trading pairs available. Moreover, Latoken offers low trading and withdrawal fees and it also offers other features such as instant exchange, advanced trading features and crypto/fiat gateway.

There is also a currency known as LA that works in the Latoken platform. The utility token has been confirmed by a legal memorandum prepared by White Summers Caffee & James, a technology and international law firm located in San Francisco.

Furthermore, the payment gateway known as CoinGate has also added support for Stellar. On Reddit, the company mentioned that they will be providing their merchants with the possibility to accept major currencies as a means of payment. Nevertheless, it is only possible to make a payment using Stellar if the payment is larger than $30 dollars.

Additionally, MobileCoin, a secure payment system for mobile phones, announced that they are working on the Stellar Network in order to add simplicity to privacy protection and make it resilient against attacks.

Thanks @dmazieres and @StellarOrg for the mention in the IETF draft. We're elated to be able to contribute to such a great project!https://t.co/92EZC6xZlX pic.twitter.com/lRW94rkOVc — MobileCoin (@mobilecoin) November 13, 2018

Finally, the mobile messaging platform Kik announced that they are moving their Kin cryptocurrency platform from Ethereum to Stellar.

“We’ve been using Ethereum to date, and to be honest I call it the dial-up era of blockchain,” said Ted Livingston, CEO of Kik.

The company aims at making Kin the most used and known virtual currency in the world. To achieve this, Kik is working towards building the correct infrastructure to support that.

This shows that there is a very big interest for Stellar and its whole network and solutions. Moreover, in the near future, Coinbase, one of the largest cryptocurrency companies and platforms in the market, could add support for XLM coins and the Stellar network as a whole.

With these developments taking place in the Stellar network, the virtual currency was able to reach the fifth position in the cryptocurrency market overtaking EOS after several months in this position.