The real beauty of Stellar according to real-time users is that of progressive decentralization. Within the current constructs, we are at a point in time where users are looking beyond the old system.
Denelle Dixon, CEO Stellar Foundation gives a final summary of her key takeaway points from the discussion panel at IMF Live – Cross-border Payments: A New Beginning, 19 October, 2020. In the summary she stated, as to the internet be careful of Permissionless network. You have to remember that you are comparing it with Libra, which is a very different thing than that we are trying to focus on.
Permissionless networks are the infrastructure layer that allowed entities to build on top of them and innovate and to create awesome and to create products that are going to solve these problems that folks have all over the world and they are going to solve financial inclusion so that you can do it on your phone. You can make it work for people who don’t have bank accounts and make it work in just 3 to 5 seconds.
The comparison with the internet is that infrastructure layer, that technology layer, the notion that the AML and all of the different regulations need to apply here is absolutely agreed upon. And, there are financial institutions that have touch fiat on the edges are the ones that are regulated by all the different geographies. So, we cannot forget that it is the important piece of this. And, that is what creates the interoperability, and that is what makes it so that all works seamlessly. That is what makes it so that I could send remit a payment to Germany. And, to do that in 3 to 5 seconds. And, just still use the existing financial infrastructure, but to use these new rails that make it faster, seamless, and usable for the developers and the users.
Denelle concluded stating that she felt that it was the important point that she wanted everyone to know. She also stated that governments are exceptionally good.
Sydney Ifergan, the crypto expert tweeted: “Stellar Lumens (XLM) are never about hype. They just walk their talk. One thing at a time and they do it good each time.”
Stellar Lumens (XLM) Worth Celebrating
Denelle Dixon recently tweeted: “Q3 2020 is behind us, and the work the team did is worth celebrating. Proud to be working with such great people towards an awesome mission.”
XLM are slowly taking over as expected. It is very obvious that Stellar has a good team behind them without which what they are doing is not possible.
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