Stellar will offer the lumens directly to the exchanges, who will then effect the transactions. Users need to be a customer of an exchange to participate. The current plan is to offer the lumens in small amounts on separate occasions and at the market price on the exchange at time of placement.
Since Stellar’s upgraded network went live, developers from its community have built some new projects and integrations, including Centaurus – an open source Stellar app for Android, Kraken – a Bitcoin exchange based in San Francisco, Lobstr – an iOS, Android, and desktop wallet for Stellar, VC Bear – a Japanese gateway, and Poloniex – a Bitcoin exchange based in the United States.
Stellar also reported this week that its co-founder and director, Joyce Kim, is speaking at the World Bank’s “Conference on Migration and the Global Development Agenda“, and will address how Stellar can help lower the cost of remittances for migrant communities.
The foundation is positioning Stellar as a global financial platform to make it easier for people around the world to transact in any currency. The platform’s open-source infrastructure is designed for any community to build financial services. Using the platform, the nonprofit plans to bring financial services to two billion unbanked people in the developing world.