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How to use your Stellar (XLM) for everyday consumption
The stellar has great similarities with the ripple (XRP). Both currencies were created primarily to minimize the transfer costs of international currencies. Nevertheless, the Stellar is a digital currency that can also be used to pay for goods and services. What you can buy with your Stellar, although hardly any established shop accepts crypto currencies beyond the Bitcoin network, you can find out here at Coinsbee.
The secret behind the consistent use of crypto-currencies like the Stellar in everyday payment transactions, especially when used in online shopping, is in the word "voucher". Almost all well-known webshops nowadays accept vouchers or discount codes and thus create the prerequisite for depositing credit. Here on Coinsbee you can now pay vouchers of these webshops with crypto-currencies like the Stellar but also Bitcoin, Litecoin and Ether as well as over 40 other digital currencies. After a successful transaction you will immediately receive an email with the credit code, which you can use immediately. Of course you can also give the code to a friend as a present, because the credit cards are not bound to the buyer, but can be given to others as well. So there are many possibilities to use the vouchers you buy with crypto money on Coinsbee as a gift or incentive.
How you can use Stellar (XLM) specifically as a means of payment
Very interesting is the Stellar as an intermediate currency when transferring money from Euro to another currency such as the Russian Ruble (RUB). The costs of a transaction are significantly lower because the transaction is completed within a few seconds and the risk of currency fluctuations and excessive fees is significantly reduced from the outset. But you can also use the Stellar with the established means of payment. For shopping on the Internet. As credit on your credit card or to top up your mobile phone card. All you have to do is turn the Stellar on Coinsbee into a voucher code for the respective webshop of the provider. In this way you will receive a value in Euros that you can immediately use to pay for goods, goods or services. And not in some unknown niche, but with established players like Zalando, Amazon or ebay. But also Netflix, Vodafone, Telekom Deutschland and many more. In the field of payment services, Mastercard, Visa and Amex are also on board. Accompanied by payment solutions like Paypal, Skrill or Paysafecard. So there are no limits to your interests. Because thanks to these payment options you can buy almost everywhere on the Internet as well as in real life any kind of goods or services and use your Stellar, which you have previously exchanged for credit.
How to transfer Stellar (XLM) with Paypal or Skrill
Online payment services such as Paypal or Skrill not only function as a solution for paying for services or goods, but also allow money to be sent across borders. For example to friends or family members. Especially in this area, payments with Paypal can be made quickly and there are little to no costs for transfers. To use the credit to its full extent, you must first open a user account with one of these services. Then you can generate credit codes for Paypal, Skrill or Paysafecard here at Coinsbee. To do this, simply select the desired (and available) credit card on Coinsbee and pay it with your crypto currency like the Stellar. You will now receive a voucher code via email directly into your inbox, which you can then redeem at Paypal. This service is similar to the one at Skrill. There you can also activate your credit that you have previously purchased with Stellar.
Stellar (XLM) - one currency for international money exchange
Behind the creation of Stellar is the former eDonkey founder Jed McCaleb. Stellar was founded in 2014 as an open source protocol and is developed by the Stellar Development Foundation. The Stellar maintains a close partnership with the computer giant IBM. The company uses the Stellar specifically to carry out international transactions and thus reduces the currency risk. At the beginning of the Stellar the currency was based on the Ripple protocol. However, when overloads occurred, an updated version of the Stellar was released, which contained its own new code. Since November 2015, the Stellar network has been running stable. Just like Ripple, the Stellar was created specifically as a currency for money exchange. All Stellar transactions are stored in a database called the ledger, the actual general ledger, and copied through a network of Stellar servers. If all servers agree to the transaction, it is executed. This process is called consensus in Stellar. It takes place every two to four seconds.