Huobi, IBM and Stellar [XLM] together create a major headline in Australia as the government signed an agreement with IBM. In the country, all crypto exchanges and the advancing blockchain technology are about to get a firm establishment.
The government of Australia is determined to achieve this goal by luring the top notch IT Company, IBM and Huobi Pro. Stellar network, which collaborated with IBM last year, would equally contribute to the positive impact that the Australian government seeks.
In real sense, the Stellar network adds value to the banking industry personalizing interactions between the institutions and the user and act as an enabler to move funds fast in a reliable manner with near zero transaction fees. The ecosystem is less than 8 years old and has gained more ground that banks that have been existence in the last 50 years.
In the current Australian Budget of 2018-2019 an allocation of $530,000 has been made by the government of Australia. This allocation would promote research work in the domain of blockchain technology under the program of Digital Transformation Agency (DTA). This event is immediately preceded by the request made by Malcolm Turnbull, Prime Minister of Australia.
Australian government plans to use Stellar’s block-tech to deliver social security welfare while being supported by IBM. Without doubt all the above will raise the token demand and increase the price many times. So keep an eye open for Stellar Lumens XLM as its success is looking very solid.
Last but not least, Stellar seeks to use its team of professionals to give access to low cost transactions that cut down poverty level giving individuals the opportunity to built wealth and actualize their full potential. Not many digital coins are putting the consumer first as the ecosystem.
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