This article covers Jed McCaleb's exit from Ripple in 2014 and its impact on the further development of both blockchains — Ripple and Stellar. Both projects play significant roles in the global financial infrastructure.
McCaleb’s Exit and Strategic Changes in Ripple
Jed McCaleb, co-founder of Ripple, left the company in 2014 amid speculation about internal disagreements. Discussions often framed his departure as a rift, but evidence suggests it aligned with Ripple’s broader strategy to advance institutional financial solutions.
Comparative Analysis of Ripple and Stellar
Post-2014, Ripple focused on partnerships with banks, utilizing its XRP token to enhance liquidity in transactions. In contrast, Stellar prioritized accessibility for individuals and nonprofits, working with groups like the UN to distribute aid via blockchain.
Current Positions of Stellar in the Market
Stellar (XLM) is currently trading at $0.2895 with a market capitalization of approximately $8.94 billion. Despite some fluctuations, XLM is showing a positive long-term trend, posting significant gains over the past year.
McCaleb's departure from Ripple likely led to a clearer division of strategies for both blockchains, allowing them to function as dual pillars of the modern payment system.
