Why Stellar will dominate the 80$ trillion dollar CBDC market

There are several reasons I believe Stellar is the network that ends up ruling the 80$ trillion CBDC market .
According to the CIA, the total amount is $80 trillion if you include “broad money.”
https://www.businessinsider.com/heres-how-much-money-there-is-in-the-world-2017-10?r=US&IR=T

“CBDCs was exactly the type of digital money Stellar was designed for,” said Stellar CEO Denelle Dixon, at a recent blockchain conference.

As Covid drives the world toward digital assets, what is the outlook for bitcoin and CBDCs?

Issuer Enforced Finality
https://www.stellar.org/blog/issuer-enforced-finality-explained?locale=en
Do not underestimate this one, basically central banks don’t want to end up in a classic ethereum, and ethereum, or a bitcoin, bitcoin cash, bitcoin gold, … kind of situation. Central banks think it’s super uncool to have to deal with USD Gold, USD Cash, and so forth. So we can likely exclude all DLT’s that don’t have the possibility of issuer enforced finality. A large win for Stellar

🔴Interoperability

Stellar makes it very easy to create, send and trade digital representations of all forms of money and convert between them on a single network, this will eventually be the way to convert money and all kinds of assets currency, stocks, gold, and so forth.

🔴Public and non-profit

If you think Central Banks are going to issue their CBDC’s where the foundation taking care of the network is for profit, think again. Here again Stellar aim for the stars and hits. I’d count many of the for profit initiatives as unlikely to get any CBCD’s released on them
‘Stellar has no owner; if anything it’s owned by the public. The software runs across a decentralized, open network …’
https://www.stellar.org/learn/intro-to-stellar

“I left Ripple in 2013. They didn’t take it into the right direction. What we wanted to improve is the way that the tokens are distributed. They also set it up as a for profit company. Can you imagine the internet as a for profit? it’s a mistake. So, Stellar was set up as a nonprofit…”
Jed McCaleb

https://www.financemagnates.com/cryptocurrency/news/stellar-ceo-want-real-enough-dot-com-bubble-pops/


🌍 This article is GOLD!!! 🥇 … and it was written 6 … S-I-X … years ago!!! (2018-ish) ….

Stellar (XLM) and The Untapped African Market
6 yrs ago

…In simple terms, these [Stellar] are the good guys of blockchain out to change the world. They are the crusaders of Blockchain.

From my point of view, XLM is the perfect coin to facilitate payments in Africa and boost economic participation in the ever growing continent as I shall explain…XLM is geared towards making the regular farmer 👨🏾‍🌾 or boda-boda rider in Africa, having equal access to fast, cheap, secure and user friendly payment options.

…Africa has a budding population of over 1.2 Billion people. This is approximately 16% of the world’s population. This population is predicted to reach 2.5 Billion by 2050. The current median age on the continent is 19.4 years. 👦 This means that the 1.2 Billion mentioned above is very youthful. 👦 Also, 40% of the population of the continent lives in Urban areas. This means that they have access to the internet via internet cafes and mobile phones. The actual ownership of smartphones is estimated to be around 40% on the continent.

The smartphone penetration has been as quick as greased lightning in Africa. ⚡️ The continent has bypassed the traditional DSL and Fiber Optic Telecommunication connection and embraced 3G, 4G and LTE at a speed 🔍 that was never expected. 😯 Many of the mobile telecommunication companies on the continent are making Millions in profits per year. 💰

…the notable success of cross-border money transfer services such as Worldremit, Moneygram, Western Union, MPesa and Wave, just to name a few, makes XLM ripe to disrupt the mobile payment industry in Africa. Moneygram has over 25,000 locations in Africa and this is one of the main reasons that XRP has partnered with the giant money remitting company. Worldremit on the other hand eliminates the need of physical pick up locations by depositing money directly to the owners mobile wallet such as MPesa that is the darling of Kenya. 🇰🇪

…Africans are constantly buying up cryptocurrencies on the various cryptocurrency exchanges and even doing peer-to-peer trading via services such as remitano and localbitcoins.com. This means that we, in Africa, are as excited 🤗 about cryptocurrencies as the rest of the world is. Nowadays, you cannot attend an occasion or be a member of a whatsapp or telegram group without hearing about Bitcoin or Ethereum. As a matter of fact, some bold man in my country Kenya, recently paid for his wife’s bride price using Bitcoin.

➡️It is such a fusion of traditional 🌍African cultural norms and technology 👨‍💻 that makes the market ripe for an entry by XLM into the untapped beautiful continent. 🚀

I’d like to also mention that the first meetup of blockchain that I attended in Nairobi was on Stellar (XLM) and its limitless possibilities. Back then, an XLM coin was worth around $0.023 and I was too dumb to even notice that it would go anywhere. I was more concerned with the quick bucks that Bitcoin promised. If I’d have a chance at time travelling, I’d go back to that moment and slap myself. 🤣

In summary, the African market is untapped and ripe for an XLM entry. 🌸 The news of Bitcoin and Blockchain is very well known in the continent due to the ever increasing access to the internet by Africans. Many on the continent have cryptocurrency wallets and are actively trading in the big 4 currencies of Bitcoin, Ethereum, Ripple and Bitcoin Cash. 👛

Stellar is slowly gaining ground 📊 due to increased popularity and can surpass the Big 4 mentioned above. 🔝

💥💥💥 Africa 🌍could be the golden goose 🥚 for XLM! The moon 🌙 is not too far for Stellar! 🚀🚀🚀

Stellar (XLM) and The Untapped African Market


➡️➡️➡️ANOTHER ONE SAYING THAT USERS MAY NOT EVEN KNOW THEY’RE USING BLOCKCHAIN

He also talks a lot about the time needed for a paradigm shift (insight into why the 2030 portion of the long timeline — for the public side)

Fireside chat with Sheraz Shere of Solana Foundation on Blockchain as a Mainstream Payments Rail
May 13, 2024

Awareness to Acceptance to Adoption

Foundation arm of Solana to build awareness and growth etc. Non-profit based in Switzerland. Talks about the various aspects specific to Solana — only highlighting here “common threads”.

“If you think about mainstream, we are very early even on the awareness side of things.” 💥 BOOM!!!

“Notion of self-custody is a very new paradigm…and mainstream awareness of this is pretty limited…”

He talks about part of the issue being it has been designed by eng and is very techy and that we’ll start to see new tech coming out that is more user friendly and more along the lines of how people are used to interacting with the internet! 💥 ANOTHER BOOM!!!

“To the end user they might not even know they are using blockchain. They just know that I can easily send money to anybody…” 💥 That’s right … ANOTHER BOOM!!! 💥

“This is moving at very high speed – even for the financial services business.”

Founder Anatoly Yakovenko vision was he wanted to “build the NASDAQ for everything.” ⬅️ 🤣 (where have we heard that before?) 🤣

“Things move slowly in…the traditional financial services industry, Things move very fast in blockchain. As they intersect, maybe you’ll see things move a little bit quicker.” ⬅️ ⬅️ Yes, please!

The article itself is good too but the interview itself is even better!!! (your choice or both! 😉)

RSOL ICO’d Apr 19, 2024

Source: pymnts. com/cryptocurrency/2024/solana-foundation-goes-all-in-on-blockchain-as-a-mainstream-payments-rail/


On June 18, 2024, Stellar public network validators will vote on whether to upgrade the network to Protocol 21, which, if accepted, will activate five new Core Advancement Proposals (CAPs) on Stellar Mainnet.

These five CAPs introduce some exciting new features, such as passkey signing support.

Key Dates:
May 14: Testnet upgrade
May 30: Stable releases of Stellar Core, Horizon, RPC
June 18: Mainnet upgrade vote
https : // stellar . org / blog / developers / protocol-21-upgrade-guide
Published May 7 2024 11:05 AM CET
Yxx

Absolutely, this is a tremendous achievement! A hundred members from all around the world: CEOs, Presidents, and top representatives have come together. That’s not just big, it’s huge! We’re talking about the best of the best, the most influential leaders from every corner of the globe. It’s a fantastic milestone. You’ve made something very special happen, and it’s something that everyone involved should be very proud of. Great job!