CTO of Stellar Jed McCaleb Explains his Thoughts on the Future of Cryptocurrency

Jed McCaleb is the current CTO of Stellar. In this position, he leads the technical development team and oversees all new technology. Jed McCaleb and Stellar bring banking services to areas all over the world who were previously lacking these institutions. Due to their partnership with IBM, they have been able to go through a large amount of growth in recent years.

Prior to his involvement in Stellar, McCaleb has worked in a handful of other tech industries. McCaleb worked to create a decentralized file sharing protocol that was eventually used in the programs eDonkey and Overnet. The ideas behind these two companies are still used to this day in file sharing programs according to https://www.financemagnates.com/cryptocurrency/news/stellar-ceo-want-real-enough-dot-com-bubble-pops/.

McCaleb is also the mind behind the world’s first bitcoin exchange platform. Even though Mt. Gox was founded as a marketplace for gamers to trade virtual goods, McCaleb transformed it into the bitcoin exchange just before selling it to a businessman in Japan. See further details from this Angel.co article.

With years of experience behind him, McCaleb is now predicting the future of his newest industry: blockchain. He believes that the futures of blockchain and financial institutions are interlocked. McCaleb says that with-in the next 10 years all of equity will be kept on record by using blockchain. “I think it’s pretty clear to me there will be a universal payments network that will operate,” he confessed over at this website.

Jed McCaleb believes that in addition to banking institutions all over the world using blockchain to secure its transactions, stocks will also operate solely by using blockchain record keeping. This isn’t where Stellar focuses its attention;however, one such company, Securrency, is already offering a way for investors to purchase stocks with Bitcoin.

Money2020 published a blogpost saying Stellar is working to fulfill McCaleb’s prophecy in a different way. Stellar is already working with dozens of companies located all through-out Europe and Asia. If Stellar wants to become the only operating worldwide financial system, it has lots of miles ahead of it on the road towards global operations.

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