Stellar Lumens April Update: Adoption and Partnerships, Up 76% Over Past Month

Picking itself off the canvas, Stellar "Future of banking" Lumens appears to not only be unharmed - but stronger than ever - firing off a powerful combination with a series of adoption-boosting announcements.

Spurred on by its integration in MobileCoin, Stellar has led the market recovery with a sustained bullish turn - with April 27's 16% increase enough to seat it as the best performer amongst the top 25.

First and foremost, Stellar Lumens is a payment platform bent on disrupting cross-border capital flows between financial institutions - offering a cheaper, faster alternative to the decades-old infrastructure of banks.

Ironically, Stellar's founder Jed McCaleb had a key hand in creating project's biggest adversary - having co-founded Ripple in 2012 - going on to fork Stellar from the Ripple protocol in 2014.

Where Ripple is developed more fundamentally around a centralized architecture, Stellar opts for a diplomatic hybrid of decentralization and centralization - offering the perks of blockchain to the world's present-day financial systems.

MobileCoin flicked on the afterburners for Stellar after selecting the XLM consensus protocol for their upcoming mobile payments cryptocurrency - its grand vision bound to lend Stellar an inordinate dose of success by proxy.

Despite not utilizing the Stellar network for their ICO, MobileCoin's sizable project will have profoundly positive implications for XLM. As MobileCoin gains traction, Stellar will assumingly act as the bridge for converting fiat to and from MobileCoin's native token.

All Systems Go. Despite the electric chemistry, Stellar is not bound to monogamy with MobileCoin - a number of suitors have been queuing round the block for a taste of Stellar's blazing speeds and negligible fees.

The Kin Token announced it was going to use the Stellar network alongside the Ethereum blockchain to facilitate faster transactions.

Next, there's AnclaX, who has just proclaimed status as one of Stellar's 'anchors' - allowing Colombian nationals to transfer the Colombian Peso across borders via XLM. AnclaX markets itself as an anchor for Stellar Lumens and Columbian Pesoshttps://t.