I betcha Jed M. is laughin' his f*ckin ass off!
I know I am.
Why?
MoneyGram, the behemoth in the money transfer business and the same company that distanced itself from Ripple as soon as the SEC witch hunt began, is now going with Stellar!
Lol!
Jed is smart.
Instead of insisting that MoneyGram base its transactions on XLM (Stellar's native token) like Ripple's plan to use XRP, all operations will be done in stablecoin USDC running on the Stellar blockchain.
If you didn't know, Stellar is a fork of Ripple.
See: "(IJCH) Stellar - The Yin to Ripple's Yang (or How both XLM and XRP continue to prosper)" - JaiChai (2018)
And if you're wondering if the SEC will go after Stellar next, I don't see that happening.
That's because Jed's Stellar was one of the first projects to run an authentic, old school Air Drop.
Kinda hard to litigate that as improper selling of securities, no?
[Sh*t! I'm still LMFAO! Hahahaha...]
May you and yours be well and love life today.
In Lak'ech, JaiChai
(JaiChai 8 OCT 2021. Simultaneous multi-site submissions posted. All rights reserved.)