BREAKING: (IJCH) Stellar + Chain, Inc. = "Interstellar" (or How the new Interstellar is a HUGE step towards joining legacy finance with the crypto space!)
IJCH - Inside JaiChai's Head (Meaning: My Warped, Personal Opinions and Musings)
From the Author:
Salutations.
I am JaiChai.
And if I haven't had the pleasure of meeting you before, I'm delighted to make your acquaintance now.
I invite you to interact with everyone, learn, and have as much fun as possible!
For my returning online friends, "It's always great to see you again!"
What a coincidence...
Five days ago I wrote about how I've always liked Stellar's utility and longterm value:
See:
"(IJCH) Stellar - The Yin to Ripple's Yang (or How both XLM and XRP continue to prosper)"
Article Link:
Then this happens...
"Visa-Backed Blockchain Firm Embraces Stellar Cryptocurrency Via Merger"
The for-profit subsidiary of the Stellar Development Foundation has purchased Chain, a venture backed blockchain startup with some of the biggest names in enterprise adoption among its customers.
The merger points to the larger concern in the blockchain space of how permissioned networks can interoperate with other platforms.
While the U.S. Depository Trust and Clearing Corporation built its soon-to-be launched blockchain platform to interoperate with the public ethereum blockchain, the Chain merger shows another possible path forward.
Ramifications
You might be saying, "So what? Who cares?"
I'll tell you.
Before the merger, Chain, Inc.'s current customers included Wall Street big hitters like VISA, NASDAQ and Citigroup.
(BTW, Citigroup is about to launch a crypto CDR (crypto depository receipt, similiar to an ADR - American Depository receipt for foreign issues).
And Stellar's partners included IBM and Stripe.
Now, ALL of those customers and partners are with the new Stellar/Chain, Inc. entity called "Interstellar".
See:
"Cryptocurrency Startups Combine as Wall Street Blockchain Effort Falters"
Chain Inc., a startup working with Nasdaq Inc. and others to build a blockchain-based trading platform, is merging with another cryptocurrency startup, a sign that efforts to plug the technology behind bitcoin into the traditional markets are proving harder than expected.
Does this mean that XLM has more potential as a cryptocurrency?
You do the math...
See this video:
"Announcing Interstellar!! Stellar Acquires Blockchain Startup Backed by Visa [Crypto News]"
Interstellar Already Pushing Forward Its Own Exchange and Ledger Nano compatible Wallet
Interstellar is hitting the road running!
Its Insterstellar Crypto Exchange is soon to hit the scene...
Interstellar is a highly secure, feature-rich, multi-awesome, decentralized Stellar wallet and exchange that puts you in complete control of your cryptocurrencies and tokenized assets.
The Interstellar app works seamlessly and intuitively on your smartphone, tablet or computer, and it’s free.
- Support for Hardware Wallets (Ledger Nano S)
- Add/Remove Multiple Accounts, Multiple Tokenized Assets.
- Easily Swap or Trade assets on the Stellar Decentralized Exchange (SDEX)
- Built-in intuitive M of N Multisig security
- Instantly Deposit, Withdraw and Fund your account with non-Stellar crypto-currencies including BTC, ETH, and LTC
- Universal device support (Smartphones, tablets, laptops and desktops)
As usual -
By JaiChai
Mighty Kind of You for stopping by.
Truly hope to see you again!
About the Author
Believing that school was too boring, he dropped out of High School early; only to earn an AA, BS and MBA in less than 4 years much later in life – while working full-time as a Navy/Marine Corps Medic.
In spite of a fear of heights and deep water, he performed high altitude, free-fall parachute jumps and hazardous diving ops in deep, open ocean water.
After 24 years of active duty, he retired in Asia.
Since then, he's been a full-time, single papa and actively pursuing his varied passions (Writing, Disruptive Technology, Computer Science and Cryptocurrency - plus more hobbies too boring or bizarre for most folk).
He lives on an island paradise with his teenage daughter, longtime girlfriend and three dogs.
"My mind was a terrible thing to waste..." - JaiChai