Stellar Lumens is a payments rail that is specifically designed for remittances, micropayments, and low cost financial services. The protocol employs a novel consensus mechanism called the Stellar Consensus Protocol (SCP), which provides low latency for transactions regardless of the amount being transacted. SCP also allows trust ratings to be assigned to the nodes that validate transactions, thereby making validation power proportionate to a quantitative metric representing trust. This protocol design also allows for low network fees, thereby enabling low cost microtransactions. Many partnerships have been created to build services on the Stellar network. For example, Deloitte, in June 2016, announced a partnership with Stellar to build a cross-border micropayments app. In November 2017, a partnership with IBM was announced to move money across borders throughout the South Pacific.