Franklin Templeton, an investment management company, has announced plans to move $1.7 trillion worth of assets to the Stellar (XLM) blockchain platform. The move is aimed at reducing transaction costs and improving operational efficiencies. According to a representative from Franklin Templeton, processing 50,000 transactions through traditional methods could cost around $50,000, while using the Stellar platform would cost approximately $120, a 99.8% difference. Additionally, the company expects to save around $200 million in reconciliation and remediation costs. Franklin Templeton's decision to use Stellar comes after claims made last month about the role of Ripple and Stellar in the new financial system. The speaker in the attached video highlighted a 3-phase approach to integrate blockchain with global payment platforms, including existing systems like Visa, MasterCard, and Swift with blockchain platforms such as Stellar and Ripple. Stellar has experienced a significant surge in value, rising 58% since November 4, and technical indicators suggest bullishness for the cryptocurrency.



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