José Fernández da Ponte, formerly the head of Blockchain near PayPal, has left the fintech giant, where he supervised the rollout of digital currencies and stablecoins, to become president and chief growth officer of the Stellar Development Foundation (SDF).
The foundation also said that the Jason Karsh, a former block and blockchain.com director, appointed as Chief Marketing Officer.
The excellent blockchain has a cash on and off-disaster network via Moneygram and Tokenizing Real World Activa with partners including Franklin Templeton. But more than ten years, Stellar has kept humanitarian missions in mind, such as improving the financial inclusion in the development of provinces – a decisive factor in his decision to move, Fernández da Ponte said.
“I believe that block chains are an artifact for a community of people who work together in a decentralized way to solve problems,” he said in an interview. “And if the problem you try to work on is financial inclusion, what the problem I am interested in, then there is no better place than Stellar to work on it.”
Karsh, who also held functions at Coinbase and Security Firm Blockaid, will bring together the strategy for brand, product and ecosystem strategy to strengthen the presence of Stellar with developers, institutions and the public.
“Stellar is not just a blockchain project; it is financial infrastructure used every day by institutions and individuals around the world,” Karsh said in a statement. “It is our job to speed up adoption and use for every organization, builder and blockchain enthusiast who is concerned about securing business quality, transaction speed and the convenience of programmability that builders have expected.”
Fernández da Ponte, who worked for Banco Bilbao Vizcaya Argentaria (BBVA) and McKinsey before PayPal, led the strategic launch of the Pyusd Stablecoin of the payment company.
Asked if he had the stomach to stay in the trenches for the subsequent stablecoin rars, Fernández da Ponte said that the move to Stellar was more about choosing the infrastructure layer, so that applications such as stablecoins can be performed on a scale.
“The stablecoin wars are becoming interesting,” said Fernández da Ponte. “But we must have the technological primitives for those stablecoins to be useful, and that is why working at blockchain level is so important.”
Stellar’s Lumen (XLM) token has risen 38% this year, so that the Coindesk 20 -Index has been surpassed, which belongs to that 27% have added.