Jed McCaleb is an innovator and a programmer. He has worked at several companies of his own foundation, covering a variety of fields and industries. One thing is common between all of his many ventures: he has left the industries for the better. Since the beginning of the internet, Jed McCaleb has been using his unique thinking to bring positive change to every industry he has been a part of.
For example, Mt. Gox was an exchange network for trading cards. Players of Magic: The Gathering Online were able to use Mt. Gox to trade, sell, and buy playing cards. When Jed McCaleb discovered bitcoin, he transformed Mt. Gox from a simple marketplace to the world’s first global bitcoin exchange network.
Jed McCaleb now works with Stellar, another company that he created. This company is more involved in blockchain than any of McCaleb’s previous companies, and they are using the technology in a positive way. Stellar is uniting banking entities together in order to make international transactions faster and more affordable. McCaleb and Stellar have even brought banking services to parts of the world that previously had no banking options.
“In the future,” McCaleb began. “There will be a universal payments network that will operate.”
McCaleb is talking about a network that will accept any type of currency and will transfer it to any part of the world. A network like this would truly change the world. It would enable individuals from any country to purchase any item from all over the world without having to go through complex currency exchange networks.
Stellar is currently working on this solutions. Through its partnership with IBM, Stellar has the means to expand. Stellar is already partnered with over a dozen banking institutions, and with their partnership with IBM, their future partnerships are near limitless. Stellar could be a global network capable of exchanging any currency in the very near future. View Jed’s work history here.