Jed McCaleb is the co-founder of Stellar and the creator of the Mt. Gox. As the head of Stellar and one of the greatest innovators in the blockchain industry. Stellar is coming up with a single payment system that will utilize the blockchain technology. The stellar payment system will be using digital tokens. According to Jed, the possibility of this dream being realized in the next few years are very high. Jed McCaleb adds that the system could even go hybrid and result in a payment system that will allow payment using fiat currency in the blockchain systems. McCaleb is optimistic that Stellar will facilitate a “Universal Payment Network” that will process even transactions in traditional assets such as shares and stocks.
Jed McCaleb has been in the cryptocurrencies industry since 2010. His contribution in the industry is known to anyone who been following the trends in the industry closely. MT. Gox was the first centralized exchange in 2011. At the height of its glory, it was handling over 80% of all the transactions that were going on. McCaleb has said that Initial Coin Offerings (ICOs) which is currently beings used does not address the needs of the market. To solve the whole issue, we need a financial system that will serve the people better.
Jed McCaleb was motivated to join the industry in 2010 after he read an article about the emergence of bitcoin. He was interested in the topic and after that went looking for more information about the industry. McCaleb is a leader in the blockchain technology, his position at Stellar has given him an opportunity to innovate without being limited by anyone. Previously, he has worked with different companies where he felt that his ideas were being ignored. At Stellar, there is no one to hold him back. He wants to make the main goal of the blockchain industry which is to create a universal payments system possible. McCaleb believes that the time for digital currencies is now and there is no turning back. The industry will keep growing and even become better it is integrated with the traditional assets and fiat currency.
Connect: Jed McCaleb | LinkedIn