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So like 11 years ago, Stripe made investments into Stellar, which was supposed to be a payment network that would facilitate transactions into existing currenci
by abeppu 1y ago
So like 11 years ago, Stripe made investments into Stellar, which was supposed to be a payment network that would facilitate transactions into existing currencies. I think that hasn't really gone where it was hoped?
https://www.irishtimes.com/business/technology/stripe-takes-on-bitcoin-with-rival-digital-currency-stellar-1.1887360 https://www.irishtimes.com/business/technology/stripe-takes-...
- wmf 1y agoStellar was way too early.
- criddell 1y agoIt's still there though. Why not use it?
- louisanderson01 1y agotech debt, plus the EVM ecosystem has morphed into something beautiful, and robust in the meantime. I.e. it doesn't make sense to use something that's so far behind industry standard
- albybisy 1y agoStellar is modern and robust. They also lunched Soroban for DeFi. Stellar is amazing tech!
- andruby 1y agoThanks for calling that out. I was surprised there was zero mention of Stellar. The reason Stellar was appealing was because Stripe invested into it. I wonder if Tempo is using a similar consensus mechanism as Stellar (and/or Ripple)
- mrbluecoat 1y agoStellar was my first thought too. I predicted it would take over the low-value transaction / fintech crypto space with their fast transaction times, low fees, spam protection, and bank buy-in but it just went nowhere. sigh