If you generally do cross border transaction or retail payments then you know the consequences of it. Let me first clear you the meaning of stellar and lumens. Stellar means, a source or a network which connects individuals, institutions and payment networks on the other hand lumens is the currency of steller which is used as the transaction fee. In simple stellar lumens is a security network to complete your international transaction .
It is a non profit organization which is founded by jed McCleb in 2014 it provides services to financial institutions and all the users of online payment transaction. It is a digital money and (XLM) is it's symbol.
Stellar network can be used easily:
When you use any crypto exchange website for trade or transaction you have to log in it then follow some steps and your work is done. But it should be secured so for better security the website charge some lumens. As stellar exchange uses block chain technology it provides you safety on your transacting payment. Staller network have some authorize guidelines,
● To use this network you should have some minimum account balance that is 0.5 (XML) in their digital account.
● Pay very low transaction fees which is currently 0.0001 lumens.
It means you have to think about 2 amounts that is minimum balance amount and fee amount. This is very cheap and fast transaction network.
There are so many Cryptocurrency exchange which provides you fast service you just have to log in into your digital account it takes only a few seconds to send your lumens to someone in or out of your country borders. Here some of the sites which handle your account you can get information of your account from your digital wallet.
To get more information visit #stellar lumens.
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