Jed McCaleb Contributes the Revolution in Cryptocurrency

The fact that monetary transactions can now be carried out on digital platforms has made things easy for people especially those with a variety of financial engagements. With the advancement of technology, it has become possible to create these platforms efficiently and conveniently to serve that purpose. In that case, a few individuals in the market have seen the need for more of these platforms to bridge the demand gap that exists. Jed McCaleb is one individual who took it upon himself and created the first ever known bitcoin exchange called Mt. Gox. With the realization of the kind of revolution that cryptocurrency has brought to the financial sector, it is clear that more platforms will erupt. On his part, Jed McCaleb has predicted that the features and technology involved in these platforms are likely to take payments, stock markets and fundraising to another level globally. Being a chief technology officer himself at Stellar a company, he co-founded means that he understands what the processes of cryptocurrency entail from that perspective. He sees what the future holds in the financial sector, and people should be prepared for the changes to get experienced moving forward.

Before co-founding Stellar, Jed McCaleb was a co-founder at Ripple which has been doing well in the market with its XRP coin. Upon falling out with Ripple, he co-founded Stellar after discovering that the financial framework had gone wrong globally and individuals were losing a lot of their resources. In that case, he plays a crucial role in the company to make sure that their clients take part in the process of reinstating their financial status. Therefore, he leads a global technological, financial network on digital platforms which has made it possible to as well educate people regarding their finances and how to manage them. According to McCaleb, the rate at which investors are venturing into the purchase of digital coins has gone up which guarantees growth in this kind of business and the economy as well. Either way, this growth comes with challenges especially the rise in the number of swindlers who take advantage of inexperienced investors who end up being conned. Looking at the bright side though, these platforms are worthwhile, but transactions should be done with a lot of caution. To know more about McCaleb, visit his Coin Telegraph profile.

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