Jed McCaleb is one of the significant players in the cryptocurrencies industries. He joined the industry in 2010 and has been following all the updates that have taken place keenly trying to learn something new that will make the industry better. He is not just a blind follower; he is one of the persons who leads in innovations. His innovations on blockchain industry are leading the world in making significant advancements in the industry. McCaleb is hoping for a day when the industry will be so advanced that there will be a universal payment system utilizing the blockchain technology.
In a recent interview, Jed McCaleb revealed that he is engage in a new project that will likely lead to one universal payment network by 2028. This is a payment system that will incorporate all other aspects of the industry including traditional assets and fiat currency. In the short-term, he sees a payment system that will create a payment system for all cryptocurrencies. The biggest challenge currently in the world is lack of a payment system that can be utilized by the digital currencies. This is what Jed McCaleb is trying to solve. He has promised to make significant changes that will help the industry advance to another level of growth.
Jed McCaleb is the co-founder of Stellar, a company that is performing research on this new payment system. McCaleb thinks that Stellar will be the solution to this none payment system that will change the blockchain industry as we know it. Currently, ICOs which are being use has no potential to exploit all the opportunities. The real advantages of the blockchain technology will be realized when the Stellar network is completed, allowing the use of digital currencies just like any other currency.
Jed McCaleb is an industry innovator whop came up with Mt. Gox, the first centralized exchange of cryptocurrencies. It was created in 2011 and later sold to another entrepreneur. Mt. Gox was responsible for 80% of all bitcoin transactions at the time. It was however, hacked under the new management and finally went bankrupt. Jed has contributed to other innovations in the industry and many more are about to come through Stellar.