Convert and Swap Stellar Lumens XLM to British Pound GBP
XLM/GBP: 1 Stellar Lumens equals £0.28 GBP
Last update: 9:19 PM, December 22, 2024
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Stellar Lumens is falling this week.
The current price of Stellar Lumens is £0.28 per XLM. With a circulating supply of 30,227,902,479.619 XLM, it means that Stellar Lumens has a total market cap of £8,598,098,218.42. The amount of Stellar Lumens traded has fallen by £99,032,660.95 in the last 24 hours, which is a 29.11% decrease. Additionally, in the last day, £340,246,495.34 worth of XLM has been traded.
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About Stellar Lumens
Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect the world’s financial system, enabling businesses and developers to take advantage of the network’s fast speeds, low transaction costs, and interoperability.
Stellar Lumens (XLM) is a decentralized, peer-to-peer network that was established in 2014 by the Stellar Development Foundation. The network was officially launched in 2015 with the aim of connecting global financial systems and providing a protocol for payment providers and financial institutions. Stellar Lumens, the native digital currency of the network, acts as an intermediary currency for operations and is also used to pay transaction fees. The Stellar network is designed to facilitate swift and reliable financial transactions at minimal cost, connecting individuals, banks, and payment processors. It allows users to create, send, and trade various types of cryptocurrencies. Stellar Lumens is particularly focused on assisting individuals in transferring money, rather than institutions, offering access to financial systems and enabling people to send money promptly and at low cost worldwide.
Stellar Lumens operates on distributed ledger technology, which is open-source, community-owned, and distributed by the community. The Stellar payment protocol converts money into XLM and then into the requested currency within a few seconds. Stellar also serves as a decentralized exchange and marketplace, with a built-in order book that tracks ownership of Stellar assets. Users can manage buy/sell orders and select and set their preferred assets in settlements. The network maintains a high level of security, with XLM holders required to have at least one token to remain active on the network. This feature aims to execute network transactions efficiently and with minimal time costs. Additionally, Lumens offers protection against flood attacks by making microtransactions too expensive for hackers, thereby keeping the Stellar Network safe from serious threats.
Stellar Lumens has a wide range of potential use cases, particularly in the realm of cross-border transactions. It aims to overcome the challenges of high fees and slow procedures associated with traditional financial systems. Stellar Lumens is especially beneficial for individuals in developing countries, providing them with access to the global economy through fast, simple, and inexpensive transactions. The network also supports multi-currency transactions, which is a competitive advantage of Stellar. This feature is particularly useful when a transaction is made between currencies without widely traded pairs. Furthermore, Stellar Lumens can be used in decentralized exchanges and marketplaces, allowing users to manage buy/sell orders and select and set their preferred assets in settlements.
Stellar Lumens was created in 2014 by Jed McCaleb and Joyce Kim after McCaleb left Ripple due to disagreements about the company's future direction. The network officially launched in 2015 with the aim of connecting the world's financial systems and providing a protocol for payment providers and financial institutions. McCaleb currently serves as the CTO of Stellar, as well as the co-founder of the Stellar Development Foundation. This not-for-profit organization aims to "unlock the world's economic potential by making money more fluid, markets more open, and people more empowered." Over the years, Stellar Lumens has managed to secure partnerships with big-brand technology companies and fintech firms, further enhancing its capabilities and reach.
How Stellar Lumens and British Pound differ
Stellar Lumens (XLM) and the British Pound (GBP) are two distinct forms of currency, each with its unique characteristics. Stellar Lumens is a digital currency, native to the Stellar network, a decentralized, peer-to-peer system established in 2014. It aims to connect global financial systems, providing a protocol for payment providers and financial institutions. XLM serves as an intermediary currency for operations and is used to pay transaction fees. It facilitates swift and reliable financial transactions at minimal cost, connecting individuals, banks, and payment processors. On the other hand, the British Pound is a traditional, physical currency, backed by the Bank of England and the UK government. It's used for all types of transactions within the UK and can be exchanged for other currencies. Unlike Stellar Lumens, the British Pound doesn't operate on distributed ledger technology, nor does it facilitate cross-border transactions in a matter of seconds. The GBP is not designed to be a solution for high fees and slow procedures associated with traditional financial systems, unlike Stellar Lumens, which strives to overcome these challenges.
Frequently asked questions
How much is 1 Stellar Lumens in GBP?
Right now, 1 Stellar Lumens is worth about £0.28.
How much XLM could I buy for 1 GBP?
Based on the current rate, you could get 3.52 XLM for 1 GBP.
How much has the price of Stellar Lumens changed?
Stellar Lumens price has been declining. Since yesterday, the exchange rate of Stellar Lumens has decreased. Since last month, the exchange rate of Stellar Lumens has increased. Since this time last year, the price of Stellar Lumens has increased.
How do I calculate or convert XLM to GBP?
You can use our XLM to GBP calculator at the top of this page to convert any amount of XLM to GBP. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 GBP is equivalent to 17.59 XLM. Inversely, 5 XLM will cost about £1.42
How can I buy 1 Stellar Lumens on Coinbase?
Stellar Lumens is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Stellar Lumens.
What are assets similar to Stellar Lumens that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to Stellar Lumens, including Stacks, Optimism, and Wrapped HBAR. For a more robust list of assets to explore, jump to the asset page dedicated to Stellar Lumens.
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XLM to British Pound conversion tables
The exchange rate of Stellar Lumens is decreasing.
The current value of 1 XLM is £0.28 GBP. In other words, to buy 5 Stellar Lumens, it would cost you £1.42 GBP. Inversely, £1.00 GBP would allow you to trade for 3.52 XLM while £50.00 GBP would convert to 175.89 XLM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 14.93%. Meanwhile, in the last 24 hours, the rate has changed by 0.7%, and that the the highest exchange rate of 1 XLM to British Pound was £0.30 GBP and the lowest 24 hour value was 1 XLM for £0.27 GBP. This time last month, the value of 1 XLM was £0.27 GBP, which is a 4.94% decrease from where it is now. Looking back a year, Stellar Lumens has changed by £0.10 GBP.
XLM to GBP performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
£0.29 GBP | -0.70% | £0.33 GBP | -14.93% | £0.27 GBP | 4.94% | £0.0997 GBP | 180.95% |
XLM to GBP
Amount | Today at 9:19 pm |
|---|---|
0.5 XLM | £0.14 |
1 XLM | £0.28 |
5 XLM | £1.42 |
10 XLM | £2.84 |
50 XLM | £14.21 |
100 XLM | £28.43 |
500 XLM | £142.14 |
1,000 XLM | £284.27 |
GBP to XLM
Amount | Today at 9:19 pm |
|---|---|
0.5 GBP | 1.76 XLM |
1 GBP | 3.52 XLM |
5 GBP | 17.59 XLM |
10 GBP | 35.18 XLM |
50 GBP | 175.89 XLM |
100 GBP | 351.77 XLM |
500 GBP | 1,758.86 XLM |
1,000 GBP | 3,517.72 XLM |
Today vs. 24 hours ago
Amount | Today at 9:19 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 XLM | £0.14 | £0.14 | -0.55% |
1 XLM | £0.28 | £0.29 | -0.55% |
5 XLM | £1.42 | £1.43 | -0.55% |
10 XLM | £2.84 | £2.86 | -0.55% |
50 XLM | £14.21 | £14.29 | -0.55% |
100 XLM | £28.43 | £28.58 | -0.55% |
500 XLM | £142.14 | £142.92 | -0.55% |
1,000 XLM | £284.27 | £285.84 | -0.55% |
Today vs. 1 month ago
Amount | Today at 9:19 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 XLM | £0.14 | £0.13 | +6.66% |
1 XLM | £0.28 | £0.27 | +6.66% |
5 XLM | £1.42 | £1.33 | +6.66% |
10 XLM | £2.84 | £2.67 | +6.66% |
50 XLM | £14.21 | £13.33 | +6.66% |
100 XLM | £28.43 | £26.65 | +6.66% |
500 XLM | £142.14 | £133.26 | +6.66% |
1,000 XLM | £284.27 | £266.53 | +6.66% |
Today vs. 1 year ago
Amount | Today at 9:19 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 XLM | £0.14 | £0.0504 | +182.21% |
1 XLM | £0.28 | £0.10 | +182.21% |
5 XLM | £1.42 | £0.50 | +182.21% |
10 XLM | £2.84 | £1.01 | +182.21% |
50 XLM | £14.21 | £5.04 | +182.21% |
100 XLM | £28.43 | £10.07 | +182.21% |
500 XLM | £142.14 | £50.37 | +182.21% |
1,000 XLM | £284.27 | £100.73 | +182.21% |
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