Those who are into cryptocurrency are familiar with the name Jed McCaleb, the man behind the creation of Mt. Gox as well as Stellar. Recently interviewed by CNBC, McCaleb admitted that he foresees a major revolutionary transition of Blockchain powered systems of online payment across the world. Just like in the case of Ripple, McCaleb continued to state that Stellar is rather an advanced model of Blockchain that is powered by the international payment methods that utilize the digital token.
Moreover, McCaleb said that the future of online payment is going to be characterized by platforms operating through universal networks of payment. Also adding that there is a possibility of the hybrid system being generated to handle fiat currencies, McCaleb is confident that Stellar is the next big thing in the world of online trading and payment methods.
The Future of Stellar
Besides, Ripple, one of his creations is already being utilized by one of South Korea’s banking firms called Woon. Therefore, this paves the way for Stellar to be utilized in the market as well. Of course, for it to penetrate foreign markets, it must be legally approved by the authorities as a standard channel for making payments online. Perhaps with the following facts stated, McCaleb thinks that by 2028, the technology shall have empowered the universal payments network by allowing it to not only process payments but also various traditional assets including stocks alongside shares. What is more, he added that the next ten years will see Stellar handling all major equity payments.
More on Jed McCaleb
Jed McCaleb is the co-founder of Stellar alongside being a prominent programmer hailing from America. Over the years, he has cemented his name in the industry of major online trading platforms as a major player as well as a contributor. First appearing before the public eye when he ventured into Mt. Gox and Ripple, he has managed to maintain a clear profile as a successful entrepreneur and tech guru. As of now, his major accomplishment is Stellar and he serves as the man behind the organization’s operation. Without a doubt, his sentiments regarding the development of this payment platform cannot be ignored as the facts are clearly easy to comprehend.
Official Contact Info: Jed McCaleb | LinkedIn