If there is one person who deserves to be praised for leading the cryptocurrency industry in the right direction is Jed McCaleb. He is one of the people trying to make a great difference in the industry by focusing on technological innovations that can help grow the industry. While some people are only interested in making millions from the industry, there is a group led by Jed McCaleb who are working around the clock to ensure that the underlying technology that supports digital currency transactions is protected. Without this technology, the industry will just collapse. However, this is something that many people do not seem to understand.
In a published article from globalcoinreport.com, it says that Jed McCaleb is focusing his energies now on the creation of a payment system that will make digital currencies just like any other currency we know of. With a platform to pay using digital currencies, the industry will grow tremendously in coming years. We no longer have to worry about being unable to use the digital currencies to make payments as is the case now. McCaleb has invested in this inventions because he believes it has the potential to not only affect cryptocurrencies but all the currencies in the world. We are looking at a possibility of fiat currency being run through blockchain technology. This will be a step that will bring transparency in the financial industry as blockchain is a public ledger that cannot be altered.
Jed McCaleb is happy about the steps that are being taken toward accomplishing the goal of helping the people realize the benefits of digital currencies. He has experience working with them and is hopeful that he will create a change in the world through this technology.
Jed McCaleb, also a programmer, is not new to inventions. He has worked with different companies in the cryptocurrency industry, and he knows a lot about this industry. He has also made some huge blockchain projects such as Mt. Gox, platform that was responsible for 80 percent of bitcoin transactions before he sold it and later hacked. His contributions, he says to CNBC, will make a difference. Stellar is going to be the first company to create a milestone in the industry by rolling out a universal payment system.