Time for a new vid!
So, I was scrolling through the crypto leaderboards the other day (as I often do), and I realised that it had been quite a while since I last covered Stellar.
I’ve seen Stellar a lot in the news lately and Stellar Development Foundation CEO Denelle Dixon has been all of the place too, so I decided it was about time for an update!
Stellar has one hell of a history. Jed McCaleb, one of its three co-founders, is also the co-founder of Ripple, and he actually created Stellar in 2014 after disagreements over Ripple’s future with other Ripple execs. XLM consequently started off as a fork of XRP but eventually transitioned to its own consensus mechanism and architecture.
Like XRP, XLM is a ‘banker coin’. This is because Stellar seeks to integrate with and improve the existing financial system rather than replace it. This is a story we’ve seen many times before, but Stellar seems to be the only crypto project that has made significant progress on the payments front.
Besides being partnered with over a dozen banks around the world, Stellar has also gotten on the good side of a few governments, notably the Ukrainian government with whom they are developing a CBDC. Stellar also recently secured a serious MoneyGram partnership which could create an easy on-off ramp to crypto for basically everyone on the planet.
Call me crazy, but I think Stellar’s MoneyGram partnership could be a game changer for the crypto industry, and it’s just one of the many important updates I cover in today’s video.
This is one you don’t want to miss!
⛓️ 🔗 Useful Links 🔗 ⛓️
► Stellar Nodes Map: https://stellarbeat.io/
► XLM Supply Schedule: https://messari.io/asset/stellar/prof…
► Stellar Nodes Go Offline: https://decrypt.co/64119/stellar-cryp…
► Tala Raises 145 Million: https://www.coindesk.com/business/202…
► Stellar MoneyGram Partnership: https://ir.moneygram.com/news-release…
► Stellar Starlight Layer 2: https://www.stellar.org/blog/starligh…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.