How and Why Stellar Lumens (XLM) can be the future of Gambling?
The cryptocurrency era has marked a landmark as it has touched new pinnacles of growth, popularity, and usability with positive results. One such digital currency that has become the most popular amongst professional players and novice gamblers is Stellar Lumens (XLM). Let’s find out How Stellar Lumens (XLM) can be the future of Gambling?
Created on the Stellar platform; XLM was created with the intention to offer secure and fast online transactions. While keeping costs at a bare minimum, along with providing some better benefits over other cryptos.
What is Stellar (XLM)
As per the company, this concept was developed with an objective; which is to connect people, banks and transaction systems in one single platform smoothly. The internal coin of this platform’ is called lumen (XLM), and its crypto is just like Ethereum and Bitcoin. It has business partnerships with several tech companies. Like IBM; adding to its growing rapport, reliability and credentials and a platform with vast investment potential.
XLM charge a very little fee for offering lightning-fast transactions through a peer-to-peer network. Which shows it is going to become one of the most sought-after cryptos very soon.
Cryptocurrencies allow you to stay anonymous on the internet. As it protects your privacy and personal data without attracting any legal repercussions. Transactions through cryptos like XLM are just instantaneous. And being a player you get a guarantee that your games are not affected in any way. Most crypto casinos also provide a slight house edge, which is to the benefit of the player.
So far Stellar lumens in gambling is concerned, it appears that XLM is just emerging on the scene; and there are many casinos where you can use the currency to play casino games. For those casinos offering XLM transactions; the house edge is around 1% which is a huge plus for the players as the house doesn’t have higher chances of winning like in traditional casinos where you can lose a huge sum of money. In addition, the bets are also at the lower end, and for some games, they start at just 0.00001 XLM.
Secure Transactions with Lumens
As one lumen is equal to $0.13 and can be moved worldwide; an exchange can last for 2-5 seconds; which is amazingly fast compared to various other well-known banking transactions that can take a couple of days or even an entire week. In addition; the fast transaction speed is incredibly useful as it allows you to manage your bankroll better; and also know that your winnings are secured almost immediately.
If you are looking to use XLM; you need to get a crypto wallet — Stellar Desktop Client is the official wallet. But there are also other options for you to opt from. In fact, 400,000 transactions are done with approximately $1 due to XLM’s low transaction costs.
When it comes to the benefits of XLM over other coins; XLM has quite a stellar price. And also it is considered a stablecoin. The altcoin is of the best cryptos across the world; and its low cost makes it the optimal currency for your next gambling venture. This is how Stellar Lumens (XLM) can be the future of gambling.