Blockchain.com, the widely popular bitcoin wallet provider, is preparing to airdrop $125 million worth of cryptocurrency to all current wallet holders. This amazing crypto giveaway is their way of celebrating the integration and full support of Stellar (XLM) on their system.

To reward their user base, Blockchain Wallet decided to airdrop their over 30 million users $25 worth of XLM each. Starting this week, users will begin to see XLM dropping into their wallets!

Blockchain Wallet CEO, Peter Smith, and his team carefully chose which cryptocurrency to giveaway. In the end, they settled on Stellar for a number of reasons, most importantly because of scalability.

Paving the way for the Future of Cryptocurrency

This momentous airdrop also comes with a number of very valuable partnerships. These alliances exist to bolster the growth and further mass adoption of crypto as a whole. Blockchain Wallet will be working alongside Code.org. Additionally, they’ll be partnering with Stanford University’s Energy Innovation and Emerging Technologies programs and Network for Good. These last two together intend to create a better future through the use of cryptocurrency.

With 30 million people soon to be using Stellar Lumens (XLM) due to the airdrop, the value of this token will surely see a change. All these new adopters will start utilizing this token and its network. According to CoinMarketCap, and as shown below, Stellar Lumen has already seen growth in value over the last week and may very well continue to grow.

There’s no doubt that this tremendous gesture will have an impact on the global crypto community. As Smith said yesterday at Lisbon’s Web Summit conference, “We’re doing this because we want you to truly understand crypto, and the only way to truly understand it is to use it.”

Initiatives such as this that provide real hope for the future of crypto. Not only that, it enables tangible experience for those who have yet to use cryptocurrency.


Also published on Medium.