Can Stellar Lumens be the World Currency Mentioned in “The Economist”?
31 years ago, in 1988, The Economist in its “Get Ready for a World Currency” article, predicted a new world currency. Can it be Stellar Lumens?
They used the name ““Phoenix” as a metaphor.
Basically, in the article, it mentions a new money unit that will be used as world currency.
As you can see from the picture above, the logo on the article is almost same with the Stellar’ s logo (below).
Recent News (Coinbase)
The Stellar Lumens has just become the latest cryptocurrency to be listed on Coinbase’s professional exchange.
Coinbase Pro, the United States-based crypto exchange and wallet service Coinbase, has announced support for XLM in a blog post on March 13.
XLM is available on Coinbase now.
Coinbase Pro first announced that the company was considering to add XLM last December.
Coinbase listing affected the XLM price.
For the last two days, XLM gained over 20% for the last four days.
You can check the XLM price using this link.
It is the 8th cryptocurrency on the market now.
What is Stellar?
According to official website:
Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost.
What are Stellar Lumens?
One lumen (XLM) is a unit of digital currency. Like Bitcoin.
Lumens are the native asset of the Stellar network.
They contribute to the ability to move money around the world and to conduct transactions between different currencies quickly and securely.
What is XLM?
XLM is shorthand for lumen.
The similarity between the logo of “The Economist” and Stellar may be a coincidence but definitely an interesting one.
I am really curious about what you think about it.
Please feel free to comment below.