Interbank Blockchain Stellar Receives Boost as Lightyear Buys Chain

© Can Stock Photo / karelindmitriy

Competition and consolidation are heating up in the interbank blockchain space. Chain, a startup that raised more than $40 million from the likes of Fiserv and Citigroup, has been acquired by Lightyear.io, a company that works on the Stellar interbank blockchain, the companies announced today. Chain and Lightyear will combine to form a company called Interstellar. ...Read More

Philip Ryan is Senior Editor of Bank Innovation and Senior Director of INV Fintech. He began covering financial services in 2012 and has more than 15 years' experience in online journalism. He once worked in an office in which he had the only modem (33.6 kb.) He can be reached at pryan@royalmedia.com.

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