“Stellar, the long-secret digital currency project helmed by industry entrepreneur Jed McCaleb, has officially launched.  McCaleb is the original founder of defunct Japanese bitcoin exchange Mt. Gox and a co-founder of digital currency-focused payment network Ripple Labs.  The new platform is a decentralized gateway for digital currency to fiat currency transfers. Like Ripple and bitcoin, Stellar will act as a public transaction authenticator and feature its own in-house digital currency called ‘stellar’.  The launch of Stellar cuts McCaleb’s remaining ties with the Ripple project.  In May, McCaleb announced his intention to sell his holdings of XRP, the native currency of the network.”

http://www.coindesk.com/mt-gox-ripple-founder-jed-mccaleb-unveils-project-stellar/

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