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Stellar Lumens [XLM] boosts usage, 100K coins to be given as free credits

Simran Alphonso

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Stellar Lumens [XLM] boosts usage, 100K coins to be given as free credits
Source: Flickr

XLM is used by SatoshiPay who has partnered with ‘The Register’, a U.K. based company of news and opinion. The collaboration allows the articles/books of the company to be purchased as an e-book by using Stellar Lumens on SatoshiPay.

SatoshiPay processes 1-click Nano payment transactions and is a partner of Stellar Lumens. The Register, UK’s one of the largest tech-news web channel, will use SatoshiPay to sell their digital content and data. To honor of this partnership, 1 million XLM tokens will be given away to SatoshiPay users as free credit.

SatoshiPay and their advanced Nano-payment system are integrated with the secured network of content which is provided by The Register, will now allow physical books to be available as ebooks. For starters, one of the popular books of The Register, “Geek’s Guide to Britain” is being offered as an ebook that can be bought via SatoshiPay. This is a tester to check, how much more of The Register’s content is to be made available in an ad-free environment.

The 2nd batch of the giveaway will be of 50 XLM to 20,000 users that will cost around 20$ per user.

SatoshiPay has continued to improve their Stellar network-based transaction system. They have introduced a better version of multi-signature handling, advanced malpractice protection, and have increased the stability of their customed XLM wallet.

These XLM giveaway credits can be used to either purchase the e-books or can be used to make transactions on different websites which support SatoshiPay.

On this collaborative event, Jed McCaleb, co-founder of the Stellar Development Foundation, said:

“This is an exciting moment for Stellar and the cryptocurrency community as a whole, as it represents one of the first mainstream uses of blockchain payments in reaching millions of consumers.”

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