Stellar(XLM) buy Visa-backed blockchain company

Stellar(XLM) has bought Chain, a Visa-backed blockchain company whose clients included Visa itself. Now the permissions-enabled private blockchain will sit atop Stellar’s public blockchain to help with transactions. This is not only important for Stellar overall as it could be an inroads to the credit card and finances industry but could be really positive for cryptocurrency overall because when one credit card company adopts blockchain or crypto and sees benefits, the rest of them have to follow suit because they do not want to get left behind. This would mean blockchain technology powered by the likes of XLM, XRP,TRON, etc could get their foot in the door and once they are there, its doubtful they would leave anytime soon.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s