In the field of tech, Jed McCaleb is a name that stands out for his history of unique and innovative projects. Particularly in the field of cryptocurrency, few names stand out as much. He first came to the public’s attention as the founder of a company called Metamachine. This company invented a P2P file sharing program called eDonkey. This was one of the granddaddies of the file-sharing programs, and I personally remember it as one of the better ones. It was highly unique at the time of its release because it enabled multiple downloads and uploads from one user to many.
Some of you may remember a Bitcoin exchange program called Mt. Gox. Jed McCaleb invented that as well. This is probably what gave him the idea to create a simple and cross-functional payment system. For someone who has dedicated a lot of time to the cryptocurrency industry, it was only logical that he would take it to the next level.
These days, Jed McCaleb is running a much different kind of company. The company in question is Stellar Development Foundation. This is a company that provides a secure payment system based on blockchain technology and a digital token. The overall goal of the company is laid out in an article published by globalcoinreport.com, and is quite ambitious to say the least.
Mr. McCaleb envisions a future in which his brand of blockchain-based fiat currency becomes the new global standard. The intention of Stellar is to unite all forms of payment all across the world in one global system that covers all kinds of financial transactions from simple bank transfers to stock market trading.
In fact, he feels that this future is not far away. In his own words: “In the next 10 years I wouldn’t be surprised if all equity isn’t tokenized on some blockchain somewhere. The change will potentially occur before 2028.” He bases this prediction on both the untapped potential of these markets, and the growing acceptance of cryptocurrency as a viable payment format. While this prediction may prove to be overly optimistic, only time will tell if this universal one world payment system can live up to its potential.
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