Jed McCaleb has spent the majority of his professional life in the pursuit of normalizing cryptocurrencies such as Bitcoin. He has a vision of cryptocurrency becoming as commonplace as any other traditional currency on the global economic stage of today, and the future technological advances in the blockchain will eventually expand to all areas of commerce worldwide.
In June 2014 Jed McCaleb co-founded a nonprofit organization named Stellar.org. McCaleb has a vision that understands the most efficient (and cost-effective) way to conduct financial transactions between people is to streamline the effort it takes to accomplish these goals. This is especially the case in the war on poverty and hunger around the world, where funding is needed in a variety of different currencies.
These types of transactions often involve large sums of money that cross international borders, and this usually results in enormous amounts of red tape. People who are waiting for aid suffer needlessly due to delays in traditional monetary transactional procedures.
This needless suffering is unacceptable to people like Jed McCaleb.
Jed McCaleb and the team at Stellar are working to get money where it needs to be, as efficiently as possible. McCaleb has developed a network that enables a number of large corporations which are currently using this platform to exchange traditionally recognized international currency and banking systems across international borders.
McCaleb believes that the digitization of currency still has a long way to go, and expansion into newer types of cryptocurrency is underway. An example of this new type of platform would be token sales (or crypto coins) are an example of cryptocurrency that is an untapped market in the global financial arena. This is just one example of what the future holds for the digital economic possibilities that lie ahead.
Jed McCaleb believes there will be wholesale changes in the global economic and banking sectors within the next decade. Regardless of what happens between now and then, it is likely that McCaleb will play a significant role in the next phase of the cryptocurrency era.
Jed McCaleb profile can be found on Linkedin