Recently a platform which uses Stellar lumens (XLM) tried to try out the real-life applications for Stellar lumens (XLM). It actually used a real-life event in order to increase the adoption of stellar lumens (XLM) is for initiating payments. It ran a trial at the Chicago Food Truck Festival. The start-up created a product by the name of Stellar Payband. The Payband can be worn on the wrist. It is directly connected with your Stellar lumens (XLM) wallet.
Can Stellar lumens (XLM) expand as a payments platform?
The Payband worked on the near field communication system. Moreover, they were designed to work with the point of sale system which was attached to the merchant account. The band was directly connected with the Stellar lumens (XLM) wallet. As a result, with the help of a flick of a wrist, the customers were able to pay directly from the Stellar lumens (XLM) wallet. According to the company which developed this band, this was just an initial trial. They plan on running the trial at many different fairs and conferences and even at festivals as well. The main aim behind using the bands rather than the smartphones is that smartphones die down due to less battery quite quickly.
When it comes to the wristbands, they do not die down as their battery can last for a longer period of time. Moreover, it is quite easy to send the payments with the help of these wristbands. Also, festivals, as well as various events, are trying to cut down on the cash-based transaction so that the number of transactions can be easily increased and the amount which is involved in each and every transaction can be easily increased as well. Moreover, since the trial went successfully at such a large event which consisted of 50 food trucks and over 50,000 guests, the start-up is also looking to run the trial at other events as well. If indeed, the start-up is able to run the trial at other events as well, it will become easier for the start-up to actually launch these wristbands on a wider basis.
Not only, the start-up will benefit through such a payment medium but also Stellar lumens (XLM) will also gain more prominence among the mainstream public as well. As a result, the value of Stellar lumens (XLM) can increase as well. In the future, the increased adoption will surely help Stellar Lumens (XLM).