Interstellar, the commercial arm of blockchain payments network Stellar, has a new CEO Mike Kennedy who founded payments company Zelle. Kennedy has been on Stellar’s advisory board since 2017 and replaces Adam Ludwin.
San Fransisco-based Interstellar was formed last year by acquiring and
merging Ludwin’s Chain.com with Lightyear. The aim is to help businesses build on the Stellar Network.
One of those corporates is
IBM and its World Wire payment solution which uses Stellar’s Network. However,
Jesse Lund who fronted the initiative has since
left IBM, and there have been unconfirmed rumors about IBM getting cold feet. That’s the result of Stellar having some technical issues in May and the lack of Tier 1 banks joining the network.
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