Jed McCaleb is one of the most significant pioneers in the world of cryptocurrency. During his career working in this area, he has made some of the most significant contributions in the ever-growing field. As the founder of the famous Mt. Gox exchange for bitcoin, he established himself as one of the early innovators in an area that looks like it will eventually change the face of banking. Rewriting the script on the world of banking and financial institutions is, in fact, the exact thing that Jed McCaleb is seeking to do with his current firm Stellar. He serves as the company’s Chief Technology Officer. The firm is, in particular, developing a network that will serve to facilitate payment across international borders and serve as an aid to people in parts of the world where they previously may have had no access to traditional banking institutions.
Jed has been adamant that in the future, the world of cryptocurrency will gain legitimately widespread use. Stellar is a company that is working hard to bring this thought to reality and is claiming that its transactions now take no more than 5 seconds. this is a significant amount faster than a bitcoin transaction. Well known companies like IBM are already working with Stellar in order to facilitate cross-international border payments while working with large banks. Jed McCaleb has also noted that initial coin, also known as token sales have demonstrated that there are numerous markets in the world today that are still not being tapped into by the current financial system. Jed also has stated that he predicts that it won’t be long before assets such as stocks become digitized. He believes that within the next decade, all equity may well become tokenized. This could well involve exchanges that are decentralized because the number of things that will be traded by then will be too much for a centralized type of exchange.
As the co-founder and Chief Technology Officer of Stellar, Jed McCaleb is the head of the Stellar’s technical development, bringing his unique expertise to this endeavour. Jed believes that the current infrastructure of the financial system is outdated and as a result, the real economic potential available in the world is not being realized. The company has made great strides to begin moving the world toward this new future.