During 2017, one of the biggest stories in the investment world has been the rice and the value of Bitcoin and other digital currencies. While the prices skyrocketed in 2017, many people have been aware of the value in future potential of digital currency’s for a very long period of time. One individual that has continued to be a pioneer in this industry has been Jed McCaleb. Jed McCaleb is best known for establishing a number of different businesses that have been used as exchanges and other ancillary services for the digital currency industry.
While McCaleb has already had a major impact on the industry, he is looking for other ways to invest and growth the industry as well. He has currently teamed up with another professional and the two of them have created a new organization called the Stellar Development Foundation. This organization has the goal of creating a whole new way that people and businesses can interact in a global financial system.
While the goal of the organization is not necessarily to undermine the current banking system in the world, it intends to provide services to individuals that currently do not have access to bank accounts. It is estimated that almost 3,000,000,000 people across the globe are completely unbanked. At the same time, many of these people do you have access to the Internet and could take advantage of digital currencies.
The Stellar Development Foundation will work to connect financial companies together, which will allow them to leverage each other’s resources. Once all of these organizations are linked together, they will then be able to use these shared resources to connect with more people across the globe. This could provide banking and other financial services to billions of more people.
While McCaleb has been one of the founders of the organization, he continues to be a major part of the company. He is heavily involved in both the coding side of the business as well as business development. This gives him a very clear picture and idea of what the organization can provide and how it can help the rest of the world.