Blockchain technologies and cryptocurrencies are considered by many to be revolutionary because of the power that they have to support financial inclusion: to offer greater security and independence in the developed financial world, as well as capture the “long tail” of finances in developing economies.
Stellar, a cryptocurrency network launched in 2014, has made global accessibility to financial services a core piece of its mission from the beginning:
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Recently, Finance Magnates spoke with Danelle Dixon, who heads up the Stellar Development Foundation (SDF), a non-profit organization that supports the development of the Stellar ecosystem, about how Stellar and the SDF are working to continue to foster financial inclusion–particularly, in a post-pandemic world.
Denelle joined SDF just over a year ago. Previously, she served as the chief operating officer at Mozilla, where she set down her “open-source roots.”
“The Foundation helps maintain Stellar’s codebase, supports the technical and business communities building on the network, and serves as a voice to regulators and institutions,” she explained. “Our ultimate goal is to create equitable access to the global financial system.”
“I came to SDF because I believe in the power of blockchain technology and that open-source projects like Stellar provide for limitless growth and creativity and exceed all other models for building — particularly for building networks,” she said.What is Stellar?
Indeed, Denelle explained that Stellar is “an open, decentralized, fast, scalable, and uniquely sustainable network for financial products and services.”
“It’s both a cross-currency transaction system and a platform for digital asset issuance,” she said. “Stellar is made for payments and asset issuance. It was created for developers and connects financial systems so they can work together on ...