New Digital Currency Unites All Global Money Systems

Banking, Financial Services, Money , Gerd's Reads , Updates

Stellar is many things, but it’s best to think of it as an effort to create a worldwide network that lets anyone send any currency and have it arrive as any other currency. You can send bitcoin and have them arrive as dollars. You can pay someone in euros, and he can receive them as litecoin. You can transmit yen and turn them into dogecoin or Brazilian real.

I’m definitely intrigued by this concept. I was particularly struck by the comment: “In short, it must be like the internet. ‘Major infrastructure for the world like this,’ says Kim, ‘shouldn’t be owned by a company.'” This spirit of transparency and collaboration gives me hope for our increasingly digital world.

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Gerd Leonhard

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