Stellar

[Blake Birk]

Stellar Partnership with Deloitte

http://bankinnovation.net/2016/05/deloitte-taps-blockchain-startups-to-build-new-core-banking-system/

Deloitte: For those who don't know

https://en.wikipedia.org/wiki/Deloitte

Deloitte Touche Tohmatsu Limited /dəˈlɔɪt ˈtuːʃ toʊˈmɑːtsuː/, commonly referred to as Deloitte, is a multinational professional services firm headquartered in New York City in the United States.[5]

Deloitte is one of the "Big Four" and the second largest professional services network in the world by revenue and the largest by the number of professionals. Deloitte provides audit, tax, consulting, enterprise risk and financial advisory services with more than 225,400 professionals globally.[6] In FY 2015, earned a record $35.2 billion USD in revenues.[4]

As per reports in 2012, Deloitte had the largest number of clients amongst FTSE 250 companies in the UK[7] and in 2015, Deloitte currently has the highest market share in auditing among the top 500 companies in India.[8][9]

Deloitte has been ranked number one by market share in consulting by Gartner,[10] and for the fourth consecutive year, Kennedy Consulting Research and Advisory ranks Deloitte number one in both global consulting and management consulting based on aggregate revenue.[11] In 2016, Fortune magazine ranked Deloitte as one of the 100 Best Companies to Work For[12] and Bloomberg Business has consistently named Deloitte as the best place to launch a career.[13]


The partnership with Stellar, a non-profit organization dedicated to facilitating cross-border payments, is part of a pilot initiated in Nigeria that aims to reduce the cost and the time of cross-border payments, Jed McCaleb, co-founder of Stellar, told Bank Innovation.

Deloitte is building an entirely new system, and Stellar is a payment rail. A big part of the cross border stuff is that there is a lot of friction between parties. But there shouldn’t be. Just like you are able to send an email from a Google domain to a Yahoo domain, we are aiming to do the same with payments. There’s a lot of stuff today out there utilizing this technology [blockchain] at various degrees of solidness. Some of it doesn’t work, some of it is solid. With this partnership, you can start using Stellar tomorrow.

Together with Stellar, Deloitte developed a mobile app, which can make cross-border payments “as easy as Venmo,” Piscini said. The solution reduces the cost of transfers by up to 40%, and completes the transaction in about five seconds, the company said. Here’s a quick look at the Stellar/Deloitte app.

https://www.youtube.com/watch?v=Qy-X8ECvIik&feature=youtu.be

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[digit]

This sounds familiar  

Stellar Co-Founder Resigns As Executive Director
http://www.coindesk.com/stellar-co-founder-resigns-executive-director/

Joyce Kim said that she would be “passing on the torch” of executive director to her co-founder, Jed McCaleb, who co-founded Ripple and was the original owner of Tokyo-based bitcoin exchange Mt Gox.

Will there be a new ripple/stellar clone after the vacation perhaps....? 

Kim says she plans to take the summer off to “think, read, and reflect” on her next steps during an exploratory trip that will include visits to Ecuador, Sweden and Spain. She said expects to return by the end of this summer.

Kim concluded her post:

"I will return from my travels bursting with energy, ideas and likely a dinged up surfboard."

[Abiky]

This sounds familiar  

Stellar Co-Founder Resigns As Executive Director
http://www.coindesk.com/stellar-co-founder-resigns-executive-director/

Joyce Kim said that she would be “passing on the torch” of executive director to her co-founder, Jed McCaleb, who co-founded Ripple and was the original owner of Tokyo-based bitcoin exchange Mt Gox.

Will there be a new ripple/stellar clone after the vacation perhaps....? 

Kim says she plans to take the summer off to “think, read, and reflect” on her next steps during an exploratory trip that will include visits to Ecuador, Sweden and Spain. She said expects to return by the end of this summer.

Kim concluded her post:

"I will return from my travels bursting with energy, ideas and likely a dinged up surfboard."

All of this looks very shady to me which makes me wonder what will be of Stellar during the next months. Still, I haven't invested into it yet, so I'm on the safe side. They may be planning to take down Stellar or either come up with a new fork in order to drive new investors into their little game. Let's see how this will turn out eventually. 

[bubilas]

Project is RIP?

[jed]

Not at all. We have a ton of integrations in progress:
An article about the integration of Stellar with Barclays and Deloitte: http://www.americanbanker.com/news/bank-technology/how-barclays-aims-to-bring-a-billion-unbanked-into-the-fold-1081591-1.html
We should have another really big announcement next month.

[dzejmsdin]

the problem with lumens is that if its needed just to transfer/change the money, there is no need for it to rise...

[jed]

What do you mean? Do you mean if it is *not* needed to transfer money then it won't rise?

[tokeweed]

Not at all. We have a ton of integrations in progress:
An article about the integration of Stellar with Barclays and Deloitte: http://www.americanbanker.com/news/bank-technology/how-barclays-aims-to-bring-a-billion-unbanked-into-the-fold-1081591-1.html
We should have another really big announcement next month.

It would be nice to have your blog updated with all your recent announcements, developments and new partnerships.  That would really be appreciated.

Thanks.

[jed]

It doesn't even have to do that.
Stellar is perfect for remittances.
The majority of remittance traffic through stellar will use lumens as the bridge currency since it is much easier. So the market makers will have to maintain some float in lumens.
Let's assume we gain some traction in Nigeria.
There are ~$21B in remittances sent to Nigeria every year.
If you are interested in the potential price, you should calculate how much that float would mean the lumen price would have to be. That is one country and it is the floor and doesn't include the mark up for speculation.

[bubilas]

Not at all. We have a ton of integrations in progress:
An article about the integration of Stellar with Barclays and Deloitte: http://www.americanbanker.com/news/bank-technology/how-barclays-aims-to-bring-a-billion-unbanked-into-the-fold-1081591-1.html
We should have another really big announcement next month.

good, wait

[nyteo]

any update for stellar?

[klintay]

holy shit the prodigal son returns! 

Let's assume we gain some traction in Nigeria.
There are ~$21B in remittances sent to Nigeria every year.

that is a big assumption, can you give us some more info about how things are going in Nigeria? How many users does stellar have there at the moment? What miles stones have been accomplished in that market?

[shinratensei_]

the problem with lumens is that if its needed just to transfer/change the money, there is no need for it to rise...

If stellar becomes the backbone of a worldwide internet based financial system, do you really think that lumens price won't rise?

I can say yes the lumens price is won't rise. well, Stellar or lumens is one step behind ETH or another cryptocurrency, and I see the market the price is always stable every time.

[jed]

2B+ lumens will be awarded to projects built on Stellar more info here: https://bitcointalk.org/index.php?topic=1529992.new#new
and here: https://www.stellar.org/blog/build-challenge/

[dzham]

the problem with lumens is that if its needed just to transfer/change the money, there is no need for it to rise...

In Ethereum, Ether is only used to pay for running smart contracts. ETH has gone from nothing to a 1B+ market cap, yet there is no need for it to rise.

[ashapasa]

Hi,

Stellar rose in valuation quite a bit these last few days I noticed. I did not notice this coin before,  after reading up on it, I find it's not a new coin, I really like the message of stellar and its goal of helping third world countries. I see similarities with Nem not tech wise but message wise and market cap is small enough to rise and have a nem like explosion.

I would appreciate if you could answer a few questions

How is your Nigeria money transfer project progressing? Is it gaining traction, are they no foreigne currency regulation in Nigeria? Will it be legal in Nigeria? Is this the only project of stellar or are there other projects. Also Nigeria might be rich resource wise but people are poor won't you feel remorse if poor people use stellar and price fluctuate and poor people loss money.

I don't feel bad for crypto speculators like me losing money but poor people using stellar or lumens using it thinking to save on transcaction fees might loss their hard earned money in currency fluctuation. How are you going to solve currency volatility?

[jed]

ashapasa: Things are going really well in Nigeria. We should have some news from there in the next month.  The thing about stellar is that you can use any type of currency in the network. So most people will just use their local currency so they aren't issues of currency volatility. People in Nigeria using stellar will be sending around Niara not lumens.
I agree speculation should be left to the people that can afford to do it.

[Jdj1727]

So, just so I understand...On July 4th, 3 billion more STR/XLM will be hitting BTC wallets/exchanges? Won't this immediately destroy the price of STR, as the new coins dump on the exchanges? Am I missing something or is price irrelevant to Stellar.org? Or maybe because things in the crypto world are often the opposite of logical, STR will fly. But that seems like an unlikely scenario. Can anyone clear this up for me? Thanks

[electronicash]

So, just so I understand...On July 4th, 3 billion more STR/XLM will be hitting BTC wallets/exchanges? Won't this immediately destroy the price of STR, as the new coins dump on the exchanges? Am I missing something or is price irrelevant to Stellar.org? Or maybe because things in the crypto world are often the opposite of logical, STR will fly. But that seems like an unlikely scenario. Can anyone clear this up for me? Thanks

seem like you're still one of those that didn't give up. i use to own thousands but dumped it after 6 months without clear lane.
i believe i still have few thats left i even forgot to open my wallet for almost 3 years now.  is there really something laid for STR holders?

[Jdj1727]

So, just so I understand...On July 4th, 3 billion more STR/XLM will be hitting BTC wallets/exchanges? Won't this immediately destroy the price of STR, as the new coins dump on the exchanges? Am I missing something or is price irrelevant to Stellar.org? Or maybe because things in the crypto world are often the opposite of logical, STR will fly. But that seems like an unlikely scenario. Can anyone clear this up for me? Thanks

seem like you're still one of those that didn't give up. i use to own thousands but dumped it after 6 months without clear lane.
i believe i still have few thats left i even forgot to open my wallet for almost 3 years now.  is there really something laid for STR holders?

I haven't ever really looked at STR until recently, and I'm just trying to understand their logic. I feel bad for people who are holding STR if all the new coins are just dumped, especially long term holders. Why wouldn't everyone just open a short position on Polo with all these new coins about to be airdropped?