It wouldn’t be too far-fetched if in the very near future cryptocurrencies and blockchain technology reinvents the financial world. This is the ideal scenario for anyone who is investing money into cryptocurrency. Some of the most prominent and revered names in the tech world are saying that cryptocurrencies will be implemented in not only the banking world but all common places of transaction. One of those individuals is Jed McCaleb, co-founder of Stellar.
Jed McCaleb has left every industry he has been involved in better off when he was through with it; several industries in the tech world have benefited from McCaleb’s innovative thinking.
The filesharing world benefited from his creative thinking when he created eDonkey2000.
He was briefly involved in Xfire, a platform for video game streaming prior to Twitch.
When he entered the world of cryptocurrency with Mt. Gox, the first ever bitcoin exchange network, he entered into an industry that could potentially change the world.
He is now the co-founder and CTO of Stellar.org. As the CTO of Stellar, a blockchain company in the financial industry, he has all the knowledge necessary to make such predictions.
“In the future,” Jed McCaleb began. “I think it’s pretty clear to me there will be a universal payments network that will operate.” McCaleb’s prediction comes with the inside knowledge he has from being involved with Stellar, a company that is intending to become apart of this universal payment network that McCaleb spoke of.
“In the next 10 years I wouldn’t be surprised if all equity isn’t tokenized on some blockchain somewhere,” McCaleb said. Jed McCaleb believes that even stocks and bonds could one day be involved with cryptocurrencies.
Stellar has competition though. Some of the other cryptocurrency companies are completely legitimate, but many of the newer names in blockchain are frauds.