Jed McCaleb, the co-founder of Stellar.org and the creator of Mt.Gox, intends to come up with a single and efficient payment system that every person in the world can use. This is why he came up with the Stellar, a Blockchain powered payment setup. He believes that in the near future, there will be an efficient universal payment network.
The Future of Steller’s Blockchain Technology
Jed McCaleb says that is possible to come up with a hybrid system, which facilitates the transfer of fiat currencies via the Blockchain. He says that an institution called Woon Bank, a South Korean financial institution is likely to start accepting Ripple later in 2018. Nowadays, legitimate financial institutions believe that Ripple and Stellar can make good payment methods.
Jed McCaleb is ambitious that Stellar’s blockchain technology will facilitate an efficient Universal Payments network. The network will be able to process payments as well as traditional assets like shares and stocks. He believes that these changes will occur before 2018.
McCaleb, a crypto developer, is not a person to ignore because he has been in the industry for quite some time. His sentiments that the Stellar’s technology will bring a change in financial systems, including payments, stock markets, as well as fundraising by 2018, should be taken with the uttermost seriousness.
Jed McCaleb admits that the Stellar’s technology does not presently perform well in the market. This is according to the current trend of ICOs (Initial Coin Offerings). However, he is confident that things will be better soon. The Autonomous Next, a financial research firm, says that the ICOs have helped in raising about $9 billion within a period of four years.
About Jed McCaleb
Jed McCaleb is the co-founder of the Stellar Development Foundation. He made this great achievement in 2014 after realizing that many people are suffering because the financial infrastructure of the world is broken. At Stellar.org, he is in charge of the technical development.
Jed McCaleb is also the creator of eDonkey2000, a file sharing network. He is also a trusted advisor at MIRI, a body that basically deals with artificial intelligence. He has spent a great deal of time trying to improve the technology. His ambition is to use technology to improve the world and make it a better place for everyone.
Content taken from: https://www.worldcryptoindex.com/creators/jed-mccaleb/