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Jeb McCaleb Predicts How Blockchain Technology Will Change Banking

There are still millions of people who are not on board with the concept of cryptocurrency. However, there are those with a firm grip on the subject and its technology. Jeb McCaleb is one such individual. He understands it enough to be able to predict how it will change global payment transactions, how it will affect fund raising, and how it will influence the stock market. Jeb McCaleb is a disrupter in the field, and has affiliated with some of the biggest crypto organizations to date.

Presently, he is operates at the chief technology officer for Stellar. The company’s goal is to develop the technology that allows for payments that can occur cross borders. This type of technology would save lenders and borrowers billions in banking fees.

It would certainly change business as usual. McCaleb recently shared his views on how he thinks it is the perfect time for a secure network that allows for universal payments. It will involve a public ledger where people will be able to use their own currency, like dollars and euros.

According to McCaleb, Stellar positions itself to be a major player in the bitcoin market. The value of its currency may already have a market value of $12 billion. This comes at a time when there are a number of virtual currencies that have slipped in the market due to corrections and changes in the crypto marketplace.

Global Coin Report mentioned that Stellar is also on a mission to promote access to global financing, and to promote financial literacy and inclusion. They see this occurring through access to affordable financial services, technology, and partnerships. The company envisions a system where people of every income level will have the ability to access secure financial products across the globe. This may do more to level the playing field than any other incentive to date.

Here’s Jed’s McCaleb about blockchain: https://www.cnbc.com/2018/03/21/an-early-bitcoin-pioneer-predicts-how-the-blockchain-will-change-banking.html