"Invest like Elon Musk, buy Stripe."
Updated
What's one of the most profitable businesses you could do?
One of them would be payment processing.
Just look at the success of Square, Visa, Mastercard, PayPal, etc.
That's how Elon Musk got most of his capital to be able to start Tesla & SpaceX, by selling his PayPal shares.
But did you know that in 2011 Elon Musk invested in an upcoming payment processor called Stripe?
Stripe is today one the biggest online payment gateways, right behind PayPal.
But what could Stripe do in order to grow even more?
Make cross-border payments easier? Lower processing fees? Enable everyone to become their own bank?
One feasible way to do that would be via the usage of cryptocurrencies.
But which one would they be particularly interested in?
Well, you could probably guess if you are reading this 😃
The thing is that Stripe owns 2% of all XLM (Stellar) that exists.
stripe.com/blog/stellar
This is significant, and the good part is that it doesn't seem like they have utilized it in any way yet.
But that's not the only thing that makes Stellar promising.
Here are some of their advisors:
- Patrick Collison (CEO of Stripe)
- Sam Altman (President of Y Combinator & Co-founder of OpenAI w/ Elon Musk)
- Naval Ravikant (Founder of AngelList)
- Matt Mullenweg (CEO of Automattic which owns WordPress & WooCommerce) [39% of all websites are powered by WordPress, WooCommerce has 28% market share of e-commerce software]
Stellar has IBM as a partner.
Stellar is supported by Keybase (owned by Zoom).
Balaji on "new kinds of value transfers":
twitter.com/balajis/status/1370274133494226946
And of course, if you didn't already know, it's one of the fastest cryptocurrencies with very low transaction fees.
It is not considered as a security like Ripple's XRP does.
It is also available to invest in via Grayscale (one of the largest digital currency investing authorities).
And to just add the cherry on top. They are working on bringing zero-knowledge smart contracts, which could be huge!
github.com/stellar/slingshot/tree/main/zkvm
That could create the possibility of private stable currencies, DeFi, NFT, or whatever crazy crypto topics/projects people fancy 😂
One of them would be payment processing.
Just look at the success of Square, Visa, Mastercard, PayPal, etc.
That's how Elon Musk got most of his capital to be able to start Tesla & SpaceX, by selling his PayPal shares.
But did you know that in 2011 Elon Musk invested in an upcoming payment processor called Stripe?
Stripe is today one the biggest online payment gateways, right behind PayPal.
But what could Stripe do in order to grow even more?
Make cross-border payments easier? Lower processing fees? Enable everyone to become their own bank?
One feasible way to do that would be via the usage of cryptocurrencies.
But which one would they be particularly interested in?
Well, you could probably guess if you are reading this 😃
The thing is that Stripe owns 2% of all XLM (Stellar) that exists.
stripe.com/blog/stellar
This is significant, and the good part is that it doesn't seem like they have utilized it in any way yet.
But that's not the only thing that makes Stellar promising.
Here are some of their advisors:
- Patrick Collison (CEO of Stripe)
- Sam Altman (President of Y Combinator & Co-founder of OpenAI w/ Elon Musk)
- Naval Ravikant (Founder of AngelList)
- Matt Mullenweg (CEO of Automattic which owns WordPress & WooCommerce) [39% of all websites are powered by WordPress, WooCommerce has 28% market share of e-commerce software]
Stellar has IBM as a partner.
Stellar is supported by Keybase (owned by Zoom).
Balaji on "new kinds of value transfers":
twitter.com/balajis/status/1370274133494226946
And of course, if you didn't already know, it's one of the fastest cryptocurrencies with very low transaction fees.
It is not considered as a security like Ripple's XRP does.
It is also available to invest in via Grayscale (one of the largest digital currency investing authorities).
And to just add the cherry on top. They are working on bringing zero-knowledge smart contracts, which could be huge!
github.com/stellar/slingshot/tree/main/zkvm
That could create the possibility of private stable currencies, DeFi, NFT, or whatever crazy crypto topics/projects people fancy 😂
Note
I'll be personally holding it long-term because I have a high conviction that this project truly solves real problems compared to many other crypto projects.Note
Stellar is co-founded by Jed McCaleb, who also co-founded Ripple and founded Mt. Gox (sold it before it got hacked).Note
XLM/BTC trying to break out of 2 years consolidation
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PitchforkNote
Note
The Stripe / Stellar blog post seem to be removed since mid 2021 🤔Here's a archived version of it:
web.archive.org/web/20210507191741/https://stripe.com/blog/stellar
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