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New CEO of Interstellar Expected to Streamline Stellar (XLM) Adoption

  • Alex Dovbnya
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    Mike Kennedy promises to unleash the full potential of the Stellar network 

New CEO of Interstellar Expected to Streamline Stellar (XLM) Adoption
Cover image via 123rf.com

According to a recent Medium post, Zelle founder Mike Kennedy has been appointed as the new CEO of Interstellar.

The main purpose of Interstellar is to build out the Stellar Blockchain ecosystem, thus increasing its adoption.

Stellar co-founder Jed McCaleb is confident that Kennedy is “a perfect fit” for Interstellar given his success with Zelle, which has such behemoths as JPMorgan Chase and Bank of America among its clients.

His history of innovation in mobile payments, FX and banking, coupled with his track record as a high-impact advisor to Stellar make him the perfect fit to lead Interstellar.”

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Kennedy, who’s expected to build “powerful new services” for Stellar, sees his new job as an opportunity to make cross-border payments cheaper and faster.

I am excited to be taking on the role of CEO at Interstellar. I have always been interested in working on making things easier for individuals and companies, and I believe we have the opportunity to help make international payments more efficient, lower cost, and faster.”

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Nationwide Blockchain of China Finally Preparing for Launch

  •  Denis Sinyavskiy
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    China launching nationwide blockchain service in beta mode until March 2020. It must push forward digital economy and smart cities

Nationwide Blockchain of China Finally Preparing for Launch
Cover image via www.123rf.com

China continues to take steps toward the digital economy and smart cities by officially releasing a nationwide blockchain service network, XINHUANET says.

Blockchain service network expectations

UnionPay, State Information Center (SIC), China Mobile and three other organizations worked on a system that will help China lead the blockchain technology market. Blockchain beta testing has already been announced and will last until March 2020, and all content and services will be available for free till that date.

BSN is expected to accelerate the development of digital technology and smart cities, as well as foster the development of new technology and industries.

What about CBDC?

Earlier, U.Today reported, that China has come close to creating its own cryptocurrency and may even launch it this fall, but then there was information that the national digital currency will appear later.

But China will not become the first country to introduce a national cryptocurrency. The Kingdom of Bhutan has already done it this month, as we already reported.

So, what do you think? Does the launch of China's national blockchain mean that the country will become a leader? Write what you think about this in the comments section!

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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