Stellar (XLM) Set to Thrive with UNCDF Partnership

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more

Stellar has been selected by the United Nations Capital Development Fund for its new international transfer network. This collaboration marks a significant step for Stellar, showcasing its potential to streamline cross-border transactions efficiently. As financial institutions increasingly adopt blockchain technology, Stellar is well-positioned to enhance transaction speeds and lower costs.

JUST IN 🚨: Stripe just announced it will be using #Stellar for digital payments. #Meridian2024.

Jed McCaleb is also partnered with @elonmusk through his Company Vast.

𝕏 already partners with @stripe for payments—the next logical step is to use $XLM. 🔥 pic.twitter.com/zrFAn5ln9b
— EDO FARINA 🅧 XRP (@edward_farina) October 15, 2024

The UNCDF aims to improve access to resources for marginalized communities, and Stellar’s technology plays a vital role in this initiative. By endorsing Stellar, the UNCDF is promoting innovative cash management solutions that can reach diverse populations. This network will facilitate easy money transfers between various currencies, further enhancing Stellar’s utility. The increasing focus on financial inclusion and the growing need for effective payment solutions suggest that XLM is likely to experience substantial bullish momentum shortly.

Key Stellar Levels To Watch – October 16

XLMUSD is displaying a bullish trend as the price has rebounded from the order block around $0.0900. The pair is now aiming for the resistance zone around $0.1040.

The Stochastic Indicator is turning upward, signaling increased buying momentum. A sustained break above $0.1040 could lead to further gains toward the $0.1140 resistance level.