CNBC reported on how Jed McCaleb, an expert in the Bitcoin currency, predicts how blockchain will influence the future of banking. Jed McCaleb is a prominent figure within the cryptocurrency development and organizations. He created the MT. Got bitcoin and is a co-founder of Stellar, the open-source structure for value exchange established in early 2014. Stellar’s focus is to create a cryptocurrency network for different types of payments.
Jed McCaleb predicts that in the future there will be a platform in which every type of currency will have the ability to universally network and make payments. This universal platform would not be restricted to any country or digital currency.
Stellar is working towards the future by providing 5-seconds-or-less transaction settlements with Government approved currencies. IBM is a supporter and clients of Stellar that participates in these cross-over types of payments.
Jed McCaleb also draws attention to the growing influence of token sales that have recently reached billions worth of initial coin offerings. The spike in these funds of coin offerings have a direct correlation to fundraisers, capturing the attention of regulators. Token sales offer appreciation in value and access to the future universal platform by going directly to retail investors, rather than venture capital.
Jed McCaleb lastly predicts that stocks will become digitalized in alignment with the technology currency supporting cryptocurrency. The connections of a future online platform has already been the foundation of several start-ups.
Jed McCaleb currently serves as the Chief Technology Officer of Stellar, where he spearheads the development. McCaleb’s mission is to improve human conditions and quality life through technology and in the same breath remove obstacles of inefficiency. He serves as an advisor for MIRI, a research organization that strives for a positive impact through artificial intelligence.
To view Jed McCaleb’s full prediction through CNBC, click here.