Jed McCaleb is the co-founder Stellar Development Foundation, an organization that is looking for ways of making the cryptocurrencies industry safe. The company is currently involved in projects that could finally give the world, a safe payment network that will be used for cryptocurrencies. Jed McCaleb started the company in 2014. He had worked with other firms which gave him experience in the industry. He was then ready to manage his business, and that is how Stellar came to be born. McCaleb is one of the committed fellows in the industry who want to see the industry grow and cryptocurrencies get the attention they deserve.
Jed McCaleb is interested in growing the core business of Stellar, which is to facilitate better payments and remittances. The main goal he has is to create a network that will be the standard way of transacting money and which people will learn about organically. It is expected that Stellar will launch its exchange in 2018 which will include fiat to fiat capabilities as well as token sales and ICO fundraising. The organization will be working with various financial institutions to ensure that the new exchange succeeds.
Jed McCaleb joined this industry in 2010 when he learned about the emergence of a cryptocurrency that could not be controlled. He read about it in an article and immediately started following up on the topic. Bitcoin had just been launched, but very few people knew about it. McCaleb was among the first people who joined Bitcointalk and helped in creating awareness about it.
Jed McCaleb can be talked about as one of the biggest innovators in the blockchain industry. In 2011, he created one of the best exchanges that the industry have seen. Mt. Gox was a centralized bitcoin exchange platform. It was one of its kind since all others were needed one to cooperate with others. He later sold Mt. Gox but retained a 12% stake in it. He needed to concentrate on other activities in the industry. In 2014, Mt. Gox was hacked, and it went down due to bankruptcy.