How Stellar’s Lightning-Fast Blockchain Makes Money Move Like Magic

Stellar’s blockchain offers a fast and cost-effective solution for global payments, processing transactions in 3-5 seconds for only a fraction of a cent. Created 11 years ago by Jed McCaleb, Stellar focuses on financial inclusion and has attracted major partners like Franklin Templeton and the United Nations. Raja Chakravorti of Stellar Development Foundation explains how its technology minimizes transaction costs and settlement time, ensuring money can move as efficiently as email. Stellar supports tokenization and asset controls, making it ideal for traditional institutions and helping the unbanked access financial services. The platform provides digital bank accounts and yield-bearing assets, crucial for people in regions with limited banking access. With partnerships like the UN’s, Stellar enables instant aid delivery via digital assets, even in crisis zones.