The Stellar Network is a decentralized blockchain platform that enables fast and low-cost cross-border transactions. XLM, or Lumens, is the native cryptocurrency of the Stellar Network and is used to facilitate these transactions. Stellar aims to make financial transactions more efficient and accessible to people around the world, particularly those in developing countries who may not have access to traditional banking services. The network also supports the creation of various digital assets and smart contracts.
One of the key features of Stellar is its ability to facilitate multi-currency transactions, making it easier for users to send and receive different types of assets.
This functionality, along with its fast transaction speeds and low fees, has made Stellar a popular choice for cross-border payments and remittances.
Overall, Stellar aims to promote financial inclusion by providing an accessible and efficient platform for individuals and businesses to transfer value across borders.
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