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31 July 2021

Stellar (XLM) considers buying ex-Ripple partner MoneyGram

Stellar (XLM) considers buying ex-Ripple partner MoneyGram


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According to Bloomberg, the Stellar Development Foundation, together with private equity firm Advent International, have expressed interest in a takeover of MoneyGram International Inc.

Given that Stellar launched in July 2014 as the result of a hard fork from the Ripple protocol, comparisons between the two are often drawn.

However, Stellar Co-founder Jed McCaleb points out that significant changes to the consensus code were made, making them completely different products.

So much so that Forbes chimed in with an article titled “In The Ripple Case, The SEC Is Now On Trial – And Knows It.”

In any case, with Stellar now circling around MoneyGram, perhaps Ripple has lost this alliance for good.

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