Interstellar, the industrial arm of blockchain medium of exchange imagination community Stellar, has a brand new CEO Mike Kennedy who based medium of exchange imagination firm Zelle. Kennedy has been on Stellar’s advisery board since 2019 and replaces Adam Ludwin.

San Fransisco-based Interstellar was shaped final 12 months by buying and merging Ludwin’s with Lightyear. The design is to assist companies construct on the Stellar Network.

One of these corporates is IBM and its World Wire fee resolution which makes use of Stellar’s Network. However, Jesse Lund who fronted the initiative has since left IBM, and there have been unofficial rumors about IBM acquiring chilly ft. That’s the results of Stellar having some technical points in May and the dearth of Tier 1 Sir Joseph Banks becoming a member of the community.

Jed McCaleb, Interstellar board member and foundation father of the Stellar Development Foundation mentioned, “Mike’s record of winner foundation and growing Zelle [fka clearXchange], his innovation in mobile payments, FX and banking, and his account as a high-impact adviser to Stellar make him the perfect fit to lead Interstellar.”

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