/biz/ - Business & Finance

>>6882244
Anyways, back to the real juicy stuff that you guys (should) care about:
>partnership with a market maker due late Jan/early Feb

While I'm not here to explain the intricacies of what a "market maker" does, the gist is that it adds increased liquidity to XLM and implies that, within a specific price point, the market maker will be accumulating XLM. With the way that the markets have been, XLM holders can expect a new floor to be set and a potential pump on the release of the news, though you should be buying the hype right now. People on plebbit are spouting "ooh ooh Wells Fargo... NO... VISA!" and all this nonsensical shit. VISA accounts for nearly 3/4ths of the electronic money transactions in the world, with 15- million transactions a day and 15,000 a minute on VISAnet, I highly doubt that they are in desperate need for an updated platform, though I admit, that would be huge. The only credible plebbit post on this is the one making the guess that the alleged "money maker" is TD Bank, which is a more likely prediction as IBM has been working with TD Bank recently to update their business methods using blockchain (one of the first Western applications of crypto in the financial sphere), which means we can likely see a large chunk of tokens going continuously to TD if they're playing their role correctly and a lot of other corporations following suit if things go well. If they can integrate this platform into TD Ameritrade, their online brokerage platform, we could start seeing mobile exchanges that act as a crossover between traditional investments and crypto investments. The market maker IS NOT and CAN NOT be FairX at this point considering there is not a beta platform for their exchange yet and it would be too early to deem them as a market maker unless they were stocking XLM prior to launch, which is also not the case, as the Stellar Foundation has already set aside a number of coins to be launched on FairX.