One of the leading cryptocurrency developers in the world has predicted the advent of the use of blockchain technology to improve global payment systems and security trading systems in future.
Mr Jed McCaleb is an active enthusiast of digital connections. His journey in the business dates to when he founded Mt. Gox, a notorious crypto exchange. Aside from that, he is a senior director at the famous Stellar Organization that focuses on the creation of an emerging crypto-exchange system. In his current interview with CNBC, Jed McCaleb has given his opinion regarding the future of cryptocurrencies and how they will impact on future financial industries in the coming few years.
In the interview, Jed McCaleb noted that there is a foreseeable future encompassing universal systems that will dominate online payments including one that will enter our lives as Euros and dollars. This is surprising, right? Well, apparently, Jed McDonald already owns a company that is working on these logistics by finding viable solutions for the future of facilitating global payments through blockchain technology.
Stellar, as it is called, is just looking to see viable ways around the recently discussed problems that surround a blockade as well as the distribution of fraud content within the blockchain platform. According to McCaleb, Stellar will also handle considerable transactions in ways that no other company can manage these businesses. This will be possible given the fact that it will be involving national currencies and running the entire transaction in less than five seconds. Moreover, IBM, a leading computer company that deals with international banks are already using Stellar to its advantage.
In the words of McCaleb, the continuous growth of ICOs is a clear demonstration of how the world is interested in cryptocurrency.
Jed McCaleb is a revered programmer and entrepreneur hailing from America. The founder of eDonkey has recognized the breakdown in the world’s financial structure and is using his resources to educate investors on the different market shifts since 2014. As the co-founder of Stellar Organization, he believes that he can assist many investors to make sound decisions.