Stellar Co-Founder Jed McCaleb Hopes For A Universal Payment System

Jed McCaleb is one of the early innovators in the blockchain technology. He joined the industry immediately the first digital currency was launched. In 2010 after reading an article about bitcoin, he was impressed by the new currency that was decentralized and would not be controlled from a central position by anyone. Even before bitcoin was created, he had always thought of a similar concept. He wanted to make the world enjoy a currency that no one would control, and he accomplished his mission successfully when bitcoin was launched in 2009. By the time he was learning about bitcoin, only a few people knew about it. In fact, he is among the first people to subscribe to the bitcontalk forum which opened the discussion about the cryptocurrencies.

Within a year after learning about bitcoin, Jed McCaleb had already introduced himself as an industry innovator. He came up with a plan to make the industry better by innovating new ways of doing things. By 2011, he had created an exchange platform that was unique than others. It was a centralized exchange platform that would allow exchange without requiring the second party. The platform was known as Mt. Gox. It was the one which marked the entry of Jed McCaleb into the industry. Jed McCaleb has ever since implemented various other innovations which have greatly changed the industry.

Jed McCaleb is now the co-founder of Stellar. With this new firm, he is trying to create a universal payment system that will allow the use of cryptocurrencies in transactions. The plan is to make the digital currencies useful by ensuring that people can shop with them just like they do with any other currency. He is also predicting that non-crypto assets such as shares and stocks will be digitized in the next one decade.

With the current initial coin choices, Jed McCaleb mentioned one CNBC that the blockchain industry remains highly untapped. He is hoping to change the situation using Stellar. His experience in the industry is becoming increasingly important to the industry as he is one of the innovators who are determined to make the blockchain technology useful in the financial industry. So far he has a good track record which shows that he is up to the task ahead.

Official Contact Details: Jed McCaleb on LinkedIn

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