Stellar Technology Executive Reveals Blockchain Technology for Financial Markets

Jed McCaleb is a well known executive in both the technology and financial industries. He is the creator of an exchange known as Mt Gox. With Mt Gox, individuals can make a number of financial transactions through the bitcoin currency. As well as being the creator of Mt Gox, Jed McCaleb is the founder of a company called Stellar. During a recent interview, he predicted that blockchain technology will help a number of financial institutions along with individuals to create a payment network that is universal worldwide. With an initial offering of coins, there is proof that the financial markets are not completely regulated by the worldwide financial system. McCaleb has said that assets such as stocks will likely become digitally based in the near future due to the development of the blockchain technology.

In an article from financemagnates.com, it says that during the last few years, cryptocurrency has emerged as one of the main types of currency that has provided many benefits for individuals and businesses. Its innovation has allowed these parties to more efficiently make transactions and not have to worry about exchange rates. As a result, there will likely be significant changes in the financial system on a global scale within the next several years. The new blockchain technology will also help with raising funds, lending and transactions in the stock market as well.

During the last few years, Jed McCaleb has been a major player in the bitcoin and cryptocurrency markets. Today he serves as the chief technology officer at Stellar which is also the company that he founded. With his company, he has been able to help develop a large network of cryptocurrency that facilitates a number of payments across international borders. According to his recent feedback, blockchain technology and cryptocurrency will likely make considerable progress that will likely make beneficial changes for all financial institutions in the immediate future.

Jed McCaleb says that there will likely be universal payment systems that will make it much easier for people to make payments and complete a number of other important financial activities. Blockchain technology will help operate the financial system in a way that makes things less complicated and faster. This will result in allowing people and businesses to more quickly make financial transactions on a regular basis. The new system will also enable users to make financial transactions with currencies that they are most familiar with as well. Checkout this transcript of Jed’s meetup with Etoro.

Recommended you read: https://www.cnbc.com/2018/03/21/an-early-bitcoin-pioneer-predicts-how-the-blockchain-will-change-banking.html

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