Jed McCaleb Talks Of A Universal Payment System

The role of blockchain technology in the world cannot be ignored. This is a technology that has so much potential for making the financial sector safe and simple to transact. The cryptocurrency hype has been ongoing for the last few years. The hype is not just hot air being blown by people who do not understand anything about digital currencies. The technology behind cryptocurrencies is known as blockchain. This is a technology that has more uses other than just the use of cryptocurrencies as we hear or know them. Blockchain technology for those who understand it knows that it has potential to change the whole financial currency. It is not just about cryptocurrencies; it can affect traditional assets and fiat currency. The right way to deal with the industry is ensuring that you are always on the right side of innovations in the industry.

One person who is standing on the right side of the industry is Jed McCaleb. He is the co-founder of Stellar, a new firm that wants to change the industry for the better by utilizing technologies that have potential to create a single payment system for cryptocurrencies. In an interview, Jed McCaleb talked of the industry as one that is moving on to greater advancement in future. Stellar will change the industry greatly by making the greatest innovation in the blockchain industry. The company is currently working on the creation of universal payment system that will integrate fiat money and traditional assets such as shares and stocks. The intention here I to put all currencies under one payment system using the blockchain technology. Jed McCaleb is predicting that by 2028, all this will have been accomplished.

According to Coin Telegraph, as the head of Stellar, he is committed to spearheading innovations. Previously, he has been a key innovator with different companies he has worked. With the experience he has, he decided to create his own company where he will have the freedom of making innovations without answering to other people. In 2011, he created the first centralized exchange. It was known as Mt. Gox. The platform was later sold to a software developer who unfortunately could not hold the company together. It was hacked in 2014 and finally closed down due to bankruptcy.

McCaleb on LinkedIn: https://www.linkedin.com/in/jed-mccaleb-4052a4

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