Fairly new yet one the most impressing performing plays as a coin and team, Stellar is being detected by many in the form of a great opportunity to step in. Despite being tanked price-wise in the same way as BTC against the USD, the talks about the speedy coin have no stop.
Focusing on improving the existing money transferring and bank/system, the blockchain Stellar with its token XLM has been founded by Lightyear, the marketing branch of Stellar’s foundation. Now, it has been announced that Chain, internal ledger builder for various clients to lower friction and move assets faster, and Lightyear will merge to Interstellar.
Chain‘s CEO, Adam Ludwin – whose firm is backed by partnership like Visa, Nasdaq and Citigroup added on the matter:
“We are being acquired by an entity that no one has ever really heard of.”
Ludwin will be CEO of Interstellar, McCaleb will be CTO, and all of Chain’s 30 employees are staying, totaling 60 Interstellar employees. The parties are not disclosing the terms of the deal, but Chain’s investors are all getting cashed out.
We are thrilled to announce that Chain has been acquired by Lightyear, a Stellar-focused company formed last year with the support of the Stellar Development Foundation.
The Chain and Lightyear brands will be retired and the combined company will be re-named to Interstellar. – Medium announcement
Stellar on the other hand has a strong list of teaming up partners gather throughout its time in the crypto-verse: IBM, Kiki messenger and Deloitte.
One of the most recent achievement’s Stellar comes with the strategic partnership with IBM to develop a Stellar-powered payment solution that aims to compete directly with the solutions designed by other initiatives such as Ripple’s xCurrent and xRapid.