so it's btc then. interesting.
did a little more reading, and check this out. it's a blog from greg brockman, CTO of stripe and an advisor at the stellar foundation:
Quote
Stellar
Since Stripe's earliest days, we've believed the world needs simpler and more open protocols for moving money. We launched our Bitcoin beta four months ago, and we recently published some of our thoughts around cryptocurrencies. Today, we're excited to see the launch of Stellar, a new open-source project and nonprofit organization to which we've provided seed funding.
Stellar is (like Bitcoin) a decentralized payment network; unlike Bitcoin, it supports transactions in arbitrary currencies—you can use dollars, Euros, bitcoins, or anything else. Stellar implements something very close to the idealized "IP layer for money" idea that we described last week. You can find more details (and obtain your first "stellars", the network's native currency) by reading their launch post.
Development is led by Jed McCaleb and Professor David Mazières in collaboration with a small team of others. (The technology is based on the open-source Ripple project, originally created by Jed a few years ago.)
Stripe's role
Stellar's goal is to build a great transport layer for transmitting monetary value. Figuring out how to efficiently move money is something we support very strongly: Stripe spends a lot of effort integrating different banking and finance protocols in various countries (17 at last count). We've always considered it unlikely that these systems would be just as fragmented in twenty years. Bitcoin has already changed the world by drawing attention to the value of open, distributed protocols that enable the transmission and storage of money. Stellar aims to advance this success by providing a way to transact in one's currency of choice, whether that currency is fiat or digital.
Since Stripe's earliest days, we've believed the world needs simpler and more open protocols for moving money. We launched our Bitcoin beta four months ago, and we recently published some of our thoughts around cryptocurrencies. Today, we're excited to see the launch of Stellar, a new open-source project and nonprofit organization to which we've provided seed funding.
Stellar is (like Bitcoin) a decentralized payment network; unlike Bitcoin, it supports transactions in arbitrary currencies—you can use dollars, Euros, bitcoins, or anything else. Stellar implements something very close to the idealized "IP layer for money" idea that we described last week. You can find more details (and obtain your first "stellars", the network's native currency) by reading their launch post.
Development is led by Jed McCaleb and Professor David Mazières in collaboration with a small team of others. (The technology is based on the open-source Ripple project, originally created by Jed a few years ago.)
Stripe's role
Stellar's goal is to build a great transport layer for transmitting monetary value. Figuring out how to efficiently move money is something we support very strongly: Stripe spends a lot of effort integrating different banking and finance protocols in various countries (17 at last count). We've always considered it unlikely that these systems would be just as fragmented in twenty years. Bitcoin has already changed the world by drawing attention to the value of open, distributed protocols that enable the transmission and storage of money. Stellar aims to advance this success by providing a way to transact in one's currency of choice, whether that currency is fiat or digital.
https://stripe.com/blog/stellar
It is also known that stripe loaned the stellar foundation 3m USD as seed capital, and that patrick collison, stripe's CEO is also a board member of that foundation.
so maybe stellar might play a role in it as well?
bump. stellar still ain't crashing. could the fb - stripe - stellar connection be plausible?
