XRP news today: Jed McCaleb’s 2014 Exit from Ripple Launched Stellar’s Blockchain Mission

Jed McCaleb’s departure from Ripple in 2014 has been a topic of much debate and speculation. Many initially viewed it as a breakup, signaling the end of his involvement with the company. However, a closer examination of the events suggests that his exit may have been a strategic move, part of a larger plan to create a parallel blockchain system.

McCaleb, a co-founder of Ripple, played a crucial role in designing the early framework of XRP. His contributions were instrumental in building XRP’s architecture and Ripple’s initial success. After some disagreements, McCaleb left Ripple in 2014 and promptly founded Stellar (XLM).

The timing of McCaleb’s departure coincides with Ripple’s expansion into institutional finance and global payment systems. This period saw Ripple growing in the world of big finance, aligning with the rise of the ISO 20022 standard and discussions by global financial bodies about the future of payments. This suggests that McCaleb’s exit was not a departure but a strategic deployment to launch the second half of a global payment solution.

Ripple’s XRP and Stellar’s XLM were never intended to be rivals; instead, they are complementary projects within a broader global payment plan. XRP focuses on improving liquidity, enabling cross-border payments, and supporting central bank digital currencies (CBDCs) in the financial industry. In contrast, Stellar aims to bring blockchain technology to underserved communities, humanitarian efforts, and retail stablecoin transactions.

Both Ripple and Stellar have secured powerful partnerships. Ripple collaborates with major financial institutions, supporting international banking systems. Stellar, on the other hand, is closely tied to humanitarian projects, with organizations like the United Nations using it for blockchain-based aid and Franklin Templeton using it for tokenizing assets.

In conclusion, Jed McCaleb’s exit from Ripple was not an accident but a well-timed strategic move. As Ripple focused on the institutional side, McCaleb’s Stellar project set out to bring the power of blockchain to the people, creating a complementary ecosystem that supports global payment solutions.