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.

AvaTrade Review: Should You Start Trading Cryptocurrencies with AvaTrade Today?

Cryptocurrencies have entered a new era with their introduction to the forex and futures trading markets. With brokers are now offering new instruments for their traders to enter the booming Bitcoin market, AvaTrade is sure to be one of the first to offer Bitcoin trading to their customers.

There are several digital currencies that are created using encryption techniques, hence the term cryptocurrency. They lack any physical denominations, being only unique, encrypted data. Cryptocurrencies, however, have become popular in recent years because Central Banks and national governments cannot regulate or manipulate them, unlike other Fiat currencies. Because of this, cryptocurrencies like Bitcoin are becoming the currency of choice for transactions on the internet. Bitcoin has been gaining acceptance with many ecommerce sites that take it as a payment method.

Bitcoin futures trading officially opened on December 10 at Chicago-based exchanges Cboe Global Markets Inc. and CME Group Inc., bringing cryptocurrencies into the mainstream. This has made it possible for brokers like AvaTrade to offer Bitcoin trading to institutional and individual investors on their own trading platforms.

AvaTrade has used solid financing and a focus on user experience to get an edge on its competitors in the online-trading business. AvaTrade makes multilingual support desk service available 24 hours a day for its an entire range of platforms and services. The broker has crafted a trading platform tailored for novice and expert traders alike. AvaTrade offers trading instruments in the Forex, stock, commodity, and index trading markets.

Since 2006, AvaTrade has been innovating the online trading business. Formed by a combined team of financial and ecommerce experts, AvaTrade has made a retail trading experience that surpasses what is found at other brokers. In recent years, the broker has rapidly expanded to execute over two million trades a month for more than twenty thousand customers registered around the world.

Headquartered in Dublin, AvaTrade’s offices are also located in Paris, Milan, Tokyo, and Sydney. The company has won nine different industry awards since 2009 because of its user-friendly trading platforms.