Outside the Spotlight, Stellar is Pulling Banks into Orbit
Stellar co-founder Jed McCaleb hit a roadblock in his mission to serve the global underbanked when earlier this month his co-founder resigned, leaving him with her responsibilities, including more frequently engaging with the public. For a computer programmer whose career since has been largely under scrutiny since he founded defunct bitcoin exchange Mt Gox, the idea of taking on a more public role at Stellar was intimidating. But, he says it was a necessary step for the startup. After years of building a payments rail system designed to make it cheaper to offer banking services to....
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Stellar is announcing four new partnerships with financial institutions that will enable low cost global money transfers to the Philippines, India and Europe, and cross-border M-Pesa payments to and from Kenya, Ghana and Nigeria. Stellar is a Silicon Valley based nonprofit that supports the Stellar network, a free, open-source network designed to connect diverse financial systems and let anyone facilitate low cost financial services — payments, savings, loans, insurance — for their community. The organization claims that the Stellar network enables money to move directly between people,....
Germany’s Bankhaus von der Heydt is working with Bitbond for the first direct issuance of a stablecoin by a bank on Stellar, the firms said.
Source: NASA (not actual cubesat). Jeff Garzik, a core bitcoin developer, is looking to launch some small-sized satellites into orbit that will work as Bitcoin nodes, according to CoinDesk. These satellites (also known as cubesats), about 10cm wide on all of its sides, would effectively be launched with larger payloads, so as to not cost hundred of millions of dollars. So how much would it cost? According to Garzik, about $2 million. In orbit, the nodes would serve as additional nodes to the many that already exist on Earth. So it is worth it? Perhaps that's up to Garzik to decide. It's....
Although it has yet to overtake Ripple, Jed McCaleb's Stellar has performed respectably in its first several months. The payment gateway's native currency has consistently remained in the top-twenty on the market cap charts. However, the stellar price has not been living up to its name over the past couple weeks. Also read: Stellar Price Rises Despite Bitcion Price Drop. Stellar Price Reaches Three-Week Low. On October 9, the stellar price fell to 662 satoshis, which marked a three-week low for Ripple co-founder Jed McCaleb's latest altcoin project. As recently as September 29, the stellar....
Stellar Protocol's Stellar Build Challenge encourages developers to build applications using the platform and win attractive Lumen rewards. As the Stellar ecosystem continues to grow, creators of the blockchain based financial platform have decided to further strengthen the codes by leveraging the power of the crowd. The Stellar Protocol has announced the launch of its Stellar Build Challenge where they encourage the developer community to build new products on the platform. According to Stellar’s recent release, the Stellar Build Challenge will be divided into four categories – Anchors,....