Stellar CEO to Be Part of IMF Panel on Cross-Border Payments

LeFinance, a division of LeEco, a Chinese content provider, has teamed with the altcoin Stellar for cross-border payments and monitoring credits, according to a company blog. Stellar, a payment protocol and currency, aims to bridge the gap between cryptocurrencies and fiat by allowing instant exchanges between currencies. Jed McCaleb, the founder of Mt. Gox, Ripple and e-Donkey, co-founded Stellar in 2014 and serves as its chief technical officer. Stellar is a part of the “LeFinance Blockchain Lab” strategy, launched in March 2016 to deploy distributed technology across LeEco divisions.....

San Francisco, California — On December 2, Stellar Executive Director Joyce Kim sat on a Stellar panel and gave an overview of the Stellar project to the audience at The Future of Money and Technology Summit, a yearly fintech conference that meets to discuss the evolution of money. The panel was called “Stellar: Building a Common Financial Platform”, and also included Stripe CTO Greg Brockman and Ripple Founder Jed McCaleb. The entire panel session was streamed live courtesy of Bitcoin Magazine, and Joyce Kim’s overview on Stellar is transcribed below. “Stellar is a financial protocol that....

In an apparent snub to Ripple, Thailand’s oldest bank, Siam Commercial Bank (SCB) is set to open a new cross border remittances corridor in partnership with Lightnet, a fintech company that uses the Stellar blockchain. SCB says the partnership opens the door for more efficient cross border funds transfer from South Korea to Thailand. Before choosing Lightnet, SCB teamed up with Ripple’s partner Azimo in April to open a payment corridor between Thailand and Europe by using the Ripplenet. However, in announcing the new partnership, an executive with SCB lauds the new service....

Moneygram, one of the leaders in the cross-border payments and remittances market, has partnered with the Stellar Development Foundation to use the Stellar blockchain for settlements. The company will use the native version of USD coin (USDC), a popular stablecoin, to simplify and accelerate the process of sending remittances. This also means that Moneygram will act as a fiat on and off-ramp service for USD coin users. Moneygram to Use Crypto for Remittances Moneygram, a Dallas, Texas-based payments and remittances company, has announced a partnership with the Stellar Development....

The partnership between Tribal Credit, Bitso and Stellar Development Foundation will rely on crypto to streamline B2B transactions in Latin America. Enterprise payment platform Tribal Credit has partnered with Latin American crypto exchange Bitso and the Stellar Development Foundation to create a new cross-border payment service for businesses, opening the door to broader use cases for blockchain technology in the region.The new service, which is geared towards small- and medium-sized enterprises, enables companies in Mexico to pay for goods and services in their native peso currency and....