Stellar Development Foundation CEO envisions blockchains revolutionizing money transfer similar to email

Blockchain protocols must enable the seamless transfer of financial assets between traditional and on-chain infrastructures in order to achieve widespread adoption. Denelle Dixon, CEO of the Stellar Development Foundation (SDF), emphasized this point during an interview with Cointelegraph at Paris Blockchain Week. Dixon highlighted the importance of having on- and off-ramps to facilitate money transfers, rather than relying solely on volatile cryptocurrencies. As a former trial lawyer and executive at Yahoo and Mozilla, Dixon was drawn to Stellar’s focus on tokenization and fast, low-cost payments that can benefit developing economies. She also emphasized the significance of interoperability between different blockchain protocols to advance the overall utility of the technology. Dixon pointed out that recent network outages and congestion issues across major protocols can deter potential users and hinder adoption. She urged the blockchain community to move away from tribalism and recognize that the industry is not a winner-takes-all market. Dixon also highlighted the launch of smart contracts on the Stellar network, which provides advanced programmability and new opportunities for developers. In conclusion, she stressed the importance of maintaining a focus on utility in the blockchain and cryptocurrency space.