Jed McCaleb: Encouraging Steps on Cryptocurrency Markets

Jed McCaleb is the known creator of Mt. Gox. This is a bitcoin exchange platform. He is also the co-founder of Stellar Company. Jed presumes that the blockchain technology is going to result into a universal payment network. He again said that the initial coin offering reveals that the financial systems have not fully tapped the whole market. He, therefore, expects that some of the non-crypto assets like the stocks will soon be digitized through the same technology platform. Jed McCaleb has been in the cryptocurrency market for quite some time. He is sure to predict the change that is going to take place in the stock markets, global payments, and fundraising. Jed has influenced various organizations in the crypto world where he still has a share of impact in the same. One of the organizations is the Mt. Gox a bitcoin exchange. He is currently the Stellar’s chief technology officer. Stellar is deeply dedicated to developing a network for cryptocurrency that will be effective enough for cross-border payments.

Recently, Jed McCaleb shared on how the underlying blockchain technology and cryptocurrency technologies are going to gain momentum in the future years. He is sure that there will be sufficient universal payment network operating in coming years. Jed sheds the light that it will entail public ledger where people can view and allow them to use the currencies they are used to like the dollars or euros. The amazing this is that these predictions are in line with the current development technologies at Stellar. They are busy working to sort out such issues in the cryptocurrency market. The other key observation that Jed puts across is the condition of the markets not being tapped by the current financial system. This observation is derived from the finding based on the initial coin offerings.

Jed co-founded Stellar out of the fact that he believed that there were many gaps and old-fashioned infrastructure in the then financial system. This led to a significant limitation on the economic potential of the market world. Under the foundation of Stellar, Jed and his team bring together technologies that improve on digital financial literacy. He strongly hopes that the organization will boost the economic participation of individuals.

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