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Stellar is more than a simple solution for cross-border peer-to-peer payments. When Stellar Lumens (XLM) entered the market, cryptocurrency fans started seeing him as a rival of Ripple (XRP). This is because Jed McCaleb, the founder of Stellar, was originally a developer of Ripple who, after some fundamental differences with the other developers, founded Stellar.
The reason why Stellar became a direct competitor to Ripple is due to its central philosophy of focusing on end users rather than intermediaries. Ripple wants to give more power to the "intermediaries" while Stellar wants to eliminate them. This is what has made Stellar more acceptable in the cryptic community since its early days.
However, recently we have seen that investors interested in distributed accounting technologies fall to XRP / USD more than XLM / USD. One of the main reasons for this important change is that Ripple is selling a dream while Stellar is still stalled. Jed McCaleb said he wants to correct these shortcomings in 2019. Recently, Stellar has focused on other uses of their blockchain. The Stellar team is sure that it will become the preferred ICO platform for years to come. This is because Stellar is faster and cheaper.
Stellar and IBM
The strategic partnership between Stellar and IBM is unlike any other major partnership we have seen in this space. Both are seriously working toward common goals to push for greater adoption and innovation on the blockchain.
IBM believes it can use the blockchain to launch a series of applications. These apps will exploit the true potential of this technology. One of these joint ventures between Stellar and IBM is "IBM Blockchain World Wire".
Ripple launches Swell in direct competition with Swift, but Stellar and IBM seem to be familiar with Swift. Ripple has many partnerships, but the partnership between Stellar and IBM rivals everyone.
Stellar is not only a good alternative to Ripple, but also to Ethereum. Many promising projects have been aligned to launch their ICOs on Stellar in the first quarter of 2019. Over time, this trend is expected to increase and it is likely that Stellar will eventually replace Ethereum as the preferred ICO platform.
You might also like: The history of stellar lumens
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