Jed McCaleb is a longtime developer in the cryptocurrency industry. He is a believer in that cryptocurrency will change the way we do business today. Cryptocurrency technology will change the way payments are made globally as well as changing the stock markets. Everything will no longer be done in the same way we have been doing it. There is a change in near future, and it will become evident as we move on.
McCaleb has been part of some of the biggest cryptocurrencies organizations in the world. He is popularly known for his role in Mt. Gox bitcoin exchange. With his reputation in the industry, he is currently the CEO of Stellar, a company that is developing cryptocurrency networks to facilitate cryptocurrency payments. We are moving closer to realizing a fully accepted payment system which will allow consumers to pay for goods and services through cryptocurrencies. The blockchain technology which is behind the advent of the digital currencies will soon become widespread facilitating payments all over the world.
According to Jed, he is hopeful that in the near future, there will be a payment system that will be universal and on top of it, allow people to use the other currencies still just like they have been doing. The blockchain technology will make it possible for the creation of a public ledger that will not be altered arbitrarily. Stellar is working on providing solutions to the payment system. The company is in the prices of developing payments networks that will allow easy exchange of digital currencies with other currencies such as the euros and dollars. IBM is using the network developed by Stellar to build a cross-border system that will incorporate some big banks.
Jed McCaleb is also hopeful that even noncrypto assets will be digitized and used on the same networks. The stock market will soon be part of the networks being created by Stellar. Already many startups are trying to connect the traditional financial market with the digital tokens. The aim is to decentralize the markets.
Jed McCaleb was the founder of Mt. Gox bitcoin which he sold to Mark Karpeles. It was later hacked under the new owner and filed for bankruptcy. McCaleb is also the founder of Ripple, the third largest cryptocurrency. He, however, disagreed with Ripple and eventually moved on to start Stellar.
Here’s what Jed has to say: https://www.crunchbase.com/person/jed-mccaleb