The advent of the digital era has brought changes in the way financial transactions are done around the world. The world had evolved into a global village and services can be accessed from any part of the world with the click of the button. Professionals have also seen the opportunities in digitization and invested in cutting-edge technologies to bring services closer to people. Jed McCaleb is a renowned entrepreneur and technology expert who has envisioned a world where payment system will be the same. He is the co-founder of Stellar Development Foundation that is geared towards developing unique technological solutions to improve the living standards of people.
Jed McCaleb is determined in developing a Blockchain international payment system that uses digital tokens. Having invested in the technological space for a while, Jed McCaleb’s vision is to have the payment platform ready and running by 2028. South Korea’s Woon Bank has taken the initiative of implementing the payment platform in the initial phases. As such, other financial institutions have developed the interest in trying the payment model.
According to McCaleb, the universal payments system will go a long way in facilitating other forms of payments like the share and stocks. Jed McCaleb is a pioneer member of Mt. Gox Bitcoin which has changed the world of financial payments. Many people have invested in the Bitcoin online business that has tremendous results especially when the trading is stable.
Jed McCaleb says that in the contemporary market, the Initial Coin offerings ICOs is not fully utilized. This is because of untapped market opportunities that exist in the present time. The upsurge of ICOs has also witnessed attack from fraudsters which have led to the establishment of regulatory bodies.
The development of new technological payment platform has been Jed McCaleb’s driving force and as such, he has gained confidence in the development of open systems that bring inclusivity and good ideas. He has also held some influential positions in the past like being the advisor of Machine Intelligence Research Institute. This is an organization mandated with the development of supper minds that are more intelligent than the average human being. Jed McCaleb has invested in the technological transformation with the sole responsibility of making the world a better place.
Jed Official: Jed McCaleb | LinkedIn