The Stellar network is poised for a potentially significant year in 2024, thanks to new collaborations with major payment companies. According to a community post, Stellar has reportedly partnered with Visa, Mastercard, PayPal, and Stripe's stablecoin division. While the specifics of these deals are still unknown, the implication is that if these partnerships are fully implemented, Stellar's transaction volume could increase dramatically.
Another community member added that the key to success will be the speed at which funds move through the network, citing potential applications in payroll, payments, and smart contracts. They also noted that institutional involvement from companies like DTCC and Salesforce could expand Stellar's use cases beyond individual transactions.
The impact of these partnerships could be huge. Even a small portion of Visa's or Mastercard's transaction flow could drastically increase Stellar's daily activity. PayPal and Stripe's involvement further connects Stellar to the growing digital payments and stablecoin markets, while its new smart contract platform, Soroban, could attract more developers and business clients.
Ultimately, whether these partnerships lead to sustained growth for the network and a rise in the value of its native cryptocurrency, XLM, will depend on how quickly they are adopted and executed. However, the sheer number of major payment companies partnering with Stellar in a single year suggests a significant shift in its market position.
August 2025, Cryptoniteuae