What you absolutely, definitely need to know:
- In a plot twist that rivals the greatest Hollywood scripts, José Fernández da Ponte—formerly PayPal’s resident blockchain wizard—has vanished from his fintech kingdom to take the throne as president and chief growth officer of the Stellar Development Foundation (SDF). Yes, that’s a real job title and not something pulled from a sci-fi novel.
- Meanwhile, Jason Karsh, who used to sail the turbulent seas of Block and Blockchain.com, will now don the cape of chief marketing officer at Stellar. Good luck, Jason!
In this whimsical orbit of blockchain happenings:
SOLSOL$166.89◢3.52%
XLMXLM$0.4736◢3.90%So, José Fernández da Ponte, the Oracle of PayPal’s blockchain, has decided that the grass is greener (and quite possibly more blockchainy) on the other side. He’s now leading the stellar (pun very much intended) charge at SDF.
In a not-so-cryptic announcement, the foundation revealed that Jason “the Marketing Dynamo” Karsh is also strapping in for this galactic adventure.
Stellar, probably in its pajamas, operates a hyper-fantastic cash on/off-ramp network via MoneyGram, while playing matchmaker for real-world assets with the likes of Franklin Templeton. Yet, despite the space-age tech, it still remembers its humanitarian roots, making financial inclusion its raison d’être. You know, just casual world-saving stuff!
“I believe that blockchains are artifacts crafted by a collective of strange yet wonderful folks trying to solve problems,” José mused in a not-at-all clichéd interview. “And if these peculiar puzzles involve financial inclusion—which happens to tickle my fancy—then Stellar is simply the best holographic spaceship for the mission.”
As for Karsh? He’s huddled down to craft a grand strategy that’ll whip up recognition for Stellar among developers, institutions, and that curious public who are just trying to figure out what blockchain means. No pressure!
“Stellar isn’t just your average blockchain doodad; it’s the infrastructure humming quietly while the world transacts. Our quest? To get everyone onboard the adoption express!” Karsh announced dramatically, probably while wearing a cape. “We aim to ensure that every coder, builder, and enterprise-focused entity feels the cozy embrace of speed, security, and fabulously easy programmability.”
Fernández da Ponte, who roamed the lands of Banco Bilbao Vizcaya Argentaria (BBVA) and the hallowed halls of McKinsey before their PayPal venture, has also been the mastermind behind PayPal’s stablecoin, PYUSD. Don’t worry, he’s definitely not taking a sabbatical; he’s just leveling up!
When asked if he was merely avoiding the impending *stablecoin wars*, José replied with a knowing grin that he was simply embracing the glorious infrastructure layer—where all the magic begins. “Stablecoin wars will be riveting, but without the essential architecture, they’re all just paper tigers!” he quipped, likely with a dramatic flourish.
And just when you thought it couldn’t get crazier, here’s the kicker: Stellar’s lumen (XLM) token has skyrocketed 38% this year, hot on the heels of the CoinDesk 20 Index like a fuel-injected rocket ship. Who knew the blockchain universe could make you feel like a millionaire this week? 🚀
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2025-07-16 17:20