Jed McCaleb, a technology developer in cryptocurrency, is Chief Technology Officer of Stellar. His company, Stellar, centers on the foundation of their cryptocurrency network. This network provides the technology for payments across the border. According to McCaleb, he sees a continual upstream in blockchain technology, providing a global payments network. Steller’s technology builds on an electronic ledger that customers can view and change as needed. In this technology, customers could convert cryptocurrency to more common currencies, such as dollars and euros.
Jed McCaleb‘s vast expertise in cryptocurrency is helping to solve the everyday issues of the amount of time needed for currency conversion. McCaleb has developed transaction settlement times of less than five seconds. This conversion time is far faster than Bitcoin’s conversion time. One of this country’s most successful companies, International Business Machines, is already using McCaleb’s new conversion technology.
To explain how blockchain works, retail investors using this system would buy digital coins as investments in a project. Because of the investors buying these digital coins, token sales then are granted to the investor. These token sales give the investors access to a platform, and these tokens accelerate in valve for the investor.
McCaleb started his eurocurrency company, Stellar, in 2014. Stellar’s cryptocurrency coins, commonly referred to as lumens, skyrocketed to the top ten cryptocurrencies earlier this year. McCaleb sees this technology continuing its popularity changing the way payments around the world are made, along with fundraising and stock market transactions. Presently, Securrency, a company who has developed a program in which investors can buy stocks with bitcoin cryptocurrencies.
In 2014, McCaleb started his charitable foundation, Stellar Development Corporation with his wife, Joyce Kim. McCaleb ‘s foundation donated $500,000 worth of XRP to the Machine Intelligence Research Institute. Also, McCaleb’s foundation provided donations to the non-profit artificial intelligence safety group, OpenAl.
Jeb McCaleb was born in Arkansas and pursued his degree at the University of California, Berkeley. McCaleb curtailed his studies and moved to New York City. Currently, McCaleb lists at the 40th position on Forbes’ list of the world’s wealthiest people. McCaleb total token ownership is worth $20 billion as of the beginning of this year, 2018.
Connect with Jed McCaleb on LinkedIn.