Stellar lumens (XLM) and Ripple (XRP) are consistently forging newer and newer partnerships. They are trying to gather companies and corporates which can use their blockchain to initiate and settle payments. It is a race between two of them. Nevertheless, it is evident that Ripple (XRP) has got a head start. However, Stellar lumens (XLM) seems to be playing catch up. Recently as well, a Stellar Lumens (XLM) payment gateway announced a partnership. The question is whether the partnership will change the holistic approach which investors take towards Stellar lumens (XLM).
Is Stellar Lumens (XLM) finally playing catch-up?
The name of the payment gateway is SathoshiPay. It is a payment gateway which offers Stellar lumens (XLM) payment option as well. It has partnered with Axel Springer. The business model of SatoshiPay revolves around providing direct XLM payments to its users. There is no intermediary in between. That is why it is doing brisk business.
On the other hand, Axel Springer is one of the largest digital content publishers in Europe. The payment solutions provided by SatoshiPay will be integrated directly into its platforms. The aim is to drive the mass adoption of stellar lumens (XLM).
While Stellar lumens (XLM) is playing catch-up but the scale is too small. It needs to do something big pretty soon to stay in the reckoning.