Jed McCaleb is the innovator behind Stellar CTO and Mt. Gox to the CNBC that he feels envious that a Blockchain powered can bring a single and global payment system. Stellar is similar to Ripple, and it’s also a Blockchain that is powered by an international payment that is setup using the digital tokens. Jed also said the future looks bright and clear of having an operable universal network of payments and he sees a possibility of having a hybrid system. The systems will facilitate the payments of the fiat currencies and all through the Blockchain.
In South Korea Ripple is already lined up by the Woon Bank for its implementation in 2018 and used for commercial basis. Additionally, Ripple and Stellar are being considered by different commercial banks as the legitimate financial institutions and also play significant shake-up in their future remittance models. Jed McCaleb believes that by 2028 the stellar blockchain technologies will have the capability of powering the universal payments networks. The Universal Payment Networks will enable processing of payments and also the other traditional asters like shares and assets.
The Stellar networks tokens known as Stellar Lumens (the XLM) is gaining momentum and its trending upward. The tokens are currently adopting the lightning network to help it in neutralizing against the future drawbacks and helping it lead to press coverage. Jed McCaleb has been a developer of crypto for years, and he has predicted the Stellar’s technology will play a significant role in changing the global financial systems and markers’ including the stock, fundraising, and payments by the year 2028. With Jed knowledgeable resume on Cryptocurrencies, his predictions may be realized if the current trends of Initial Coins Offerings continue. The current phenomenon has seen the ICOs campaigns raise over $9 billion within four years.
Jed McCaleb leads the technical development of his company the Stellar.org, and he leverages on the technology hence reducing its inefficiency and increasing the human conditions. Jed is the innovator behind the eDonkey the most extensive networks for sharing files and also Mt. Gox in 2011 that became the first Bitcoin exchange platform. The Stellar Development Foundations started in 2014 with the core aim of bridging the broken financial infrastructure. Jed is the advisor to the MIRI a company that research on the positive impact of artificial intelligence.