- Token XIM based on Stellar Lumens registers an all-time high in the number of corporate entities that hold and use it.
- More than 250 companies from various industries publicly admit that they use the XIM token.
During 2020, Stellar Lumens has achieved some of the most important partnerships in its history. From becoming one of the three blockchains that will host the stablecoin USDC issued by CENTRE to being part of the expansion of cross-border payments in Africa, the adoption of Stellar Lumens is growing fast. One of the most successful tokens issued on Stellar Lumens is XIM.
Launched in March 2018 by XIMcoin part of SecureLC Limited, XIM is an asset created for exporters, importers, manufacturers, and global sales agencies. It has been designed to settle international business-to-business transactions instantly, to enable the quick exchange to fiat and other cryptocurrencies, and to enable online shopping with XIM-accepting merchants, among other features. According to its Whitepaper:
XIM was created as a means to overcome the set of transactional problems frequently encountered with the telegraphic transfer system, which is commonly used by banks. As a highly convenient alternative, XIM is a transaction platform that provides faster, more secure and less expensive cross-border transactions.
As the chart below shows, the adoption of XIM has been increasing and has surpassed its all-time high of investors holding it. Since 2019, XIM has seen sustained growth in those terms, currently reaching over 800 entities using XIM to settle their transactions.
Companies that have adopted token XIM based on Stellar Lumens
Among the corporate entities that trade with XIM to arrange their international payments is Pax Health Safety. A manufacturer, importer, and exporter that creates medical equipment to protect specialized personnel. They have worked for the United Nations and governments around the world.
Another entity that has adopted XIM is Atharva International Trade. A company that exports foods such as fruits, vegetables, and other products to customers in the United States, India, Dubai, and parts of Europe. The company is “globally recognized as one of the fastest-growing groups integrated into the agricultural supply chain,” according to its website.
Bhanu Exports is another food exporter that has adopted XIM. However, this company claims to have “direct contact” with manufacturers, farmers, and others within the food supply chain. The company pays particular attention to supporting small businesses.
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In addition to the corporate entities mentioned, there is a list of over 250 companies that have publicly adopted XIM. These include the energy, entertainment, telecommunications, and construction sectors, among others.
The level of adoption of the Stellar Lumens blockchain has been reflected in the price of its native token XLM. At the time of publication, XLM is trading at $0.20 with a 2.98% gain in the last 24 hours. In the weekly and monthly charts, XLM records gains of 53.54% and 157%. Therefore, it is one of the biggest winners in the crypto top 20.