Many individuals hearing the name Jed McCaleb immediately think of Stellar. This is a decentralized system created to improve the human condition by leveraging technology. Stellar was founded because Jeb McCaleb had no doubt the financial infrastructure of the world was broken. This left far too many people with no resources. He additionally founded Mt. Gox. He believes the entire world will eventually see a single payment system powered by Blockchain. Stellar is an international payment system powered by Blockchain and similar to Ripple.
Jed McCaleb believes an operable universal payments network will be available in the future. He feels it is possible for a hybrid system to use the Blockchain to facilitate flat currencies. Woon Bank in South Korea has already lined up Ripple for a commercial basis implementation in 2018. Financial institutions are considering both Ripple and Stellar as a way to shake up their current remittance models. A universal payment network may be achieved by 2028 using the blockchain technology of Stellar. This would be capable of processing traditional assets including shares and stocks as well as payments.
Jed McCaleb stated he believes all equity will be tokenized though blockchain. He says this potential change will happen before 2028. The XLM or Stellar Lumens token has been moving upwards for quite some time. Yesterday it dropped to $0.2512. Future drawbacks have been somewhat neutralized due to adopting the lightning network. This caught the attention of the press. Jed McCaleb has been involved with developing crypto for a long time. He predicted the international financial system including fundraising, payments and the stock market will be changed by technology by 2028.
Jed McCaleb’s resume includes serving as the Chief Executive Officer for Stellar and creating the Mt. Gox exchange. His input should not be ignored. He does not believe the market is currently being tapped due to the phenomenon of ICO’s or initial coin offerings. In four years, these ICO’s have assisted in raising almost $9 billion. Unfortunately, this has led to fraudsters using the new technology to take advantage. The have raised funds with this technology and investors have been left without their cash.