Jed McCaleb Shares His Knowledge Regarding Cryptocurrency


Jed McCaleb has predicted a disruption in fundraising access, the stock markets and global payments within the next few years. He has an excellent reputation regarding both Stellar and the Mt. Gox exchange. He has been a part of the crypto world for many years. Jed McCaleb believes the future will include a universal network for payments with a public ledger.

Jed McCaleb began the Mt. Gox exchange. In 2011 he sold the exchange prior to the bot trading and hacking causing it to crash for the new owner. The exchange was operated by Mark Karpelles until 2013. The crash triggered the Bitcoin slide and resulted in a depressed price.

Jed McCaleb is the CTO for Stellar. This platform enables distributed applications to be created for new tokens. The company’s digital asset is XLM and is one of the top ten crypto assets. The reason Jed McCaleb co-founded the company was because he believed the financial infrastructure of the world was broken. Stellar focuses on finding solutions for scaling blockchains for traditional financial systems. The platform adds a second complex layer enabling anyone to tokenize and exchange currencies, bonds, stocks and traditional financial assets.

Jed McCaleb believes the field of venture capital and fundraising offers a lot of potential for crypto assets. Four to nine billion in digital assets were raised by startup projects. This was without relying on investor limitations or intermediaries. Unlike an IPO or Initial Public Offering an ICO enables ownership to remain in the hands of the team. Numerous markets have not yet been tapped.

Retail investors can used ICO projects for direct participation. This means investments in future projects can be made by anyone. The tokens can be purchased using ICO’s, used on the platforms and traded should the value increase. Jed McCaleb believes stocks in the future may be transferred and digitized with the technology from distributed ledgers. A blockchain platform can represent any asset. This means any entry barriers are eliminated with borderless trading. Jed McCaleb strongly believes in the perception of decentralized exchanges. This type of exchange uses smart contracts to make certain the conditions are met.

Here’s an interesting Q & A with Jed McCaleb that you can read: https://www.dailyforexreport.com/questions-answers-stellar-co-founder-jed-mccaleb/



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