Stellar's significant rise in price is due to IBM's support in the blockchain of this cryptocurrency, supporting this startup destined for cross-border fiduciary transactions.

Today we woke up with a strong rise in Stellar, a low-value cryptocurrency, which we can find on Poloniex with exchange for dollars, which rises 180%. This large rise would be reinforced by the information that has been revealed in the Sibos 2017 by IBM, who would have associated with Stellar, due to its blockchain. This union would have allowed the real transactions of lumens, the cryptocurrency customized by the company itself, based on the Stellar blockchain to be successfully established.

The operations with this digital asset at the moment only allow cross-border payments between pounds sterling and Fiji dollars, this platform in its first stage, is designed to adapt up to seven fiat currencies that are eradicated in the South Pacific, among which are included the Australian dollars, New Zealand dollars and the currency of Tonga the pa'anga.

 What this platform gives us is seeing how blockchain technologies are increasingly used by public and private entities, due to the great possibilities and advantages it offers. IBM uses the blockchain for other solutions, much of them being workflow competition through the clearing of transactions, but it will be in the actual settlement of transactions using the Stellar blockchain, where it will give its full potential. Stellar basically serves to connect different digital currencies in a digital way, allowing transactions instantly, without consumers or buyers operating with this cryptocurrency.