Jed McCaleb says that in the very near future blockchain will be a part of all major banking institutions. He makes this prediction as a revered programmer and blockchain industry.
McCaleb was the founder of the world’s very first bitcoin exchange platform. Originally, Mt. Gox was merely a marketplace for players of Magic The Gathering: Online to trade their digital cards. Jed McCaleb made a company changing decision when he switch Mt. Gox’s focus to bitcoin.
Another one of McCaleb’s innovations to the tech world was eDonkey, a filesharing platform that used decentralized technology to deliver files to its users.
With this expertise in bitcoin, Stellar, and other decentralized technology, Jed McCaleb is the perfect person to predict the future of blockchain. During a recent interview he spoke his mind when he said he believes blockchain is the future of banking.
While others may believe blockchain is destined to be a success in other industries, McCaleb is holding his ground. “In the next 10 years I wouldn’t be surprised if all equity isn’t tokenized.” he said in reference to the growth that blockchain will undergo in the near future. He is referring to not just financial institutions but also things like the stock market.
Securrency, a different blockchain company, is already using the technology to create the possibility of allowing investors to purchase stocks with bitcoin.
Stellar has taken a different approach to blockchain. Stellar is bringing banking services to countries all over the world that don’t have access to basic financial options. Thanks to Stellar, countries in Europe and Asia are now able to participate in basic banking services and even make international transactions. Stellar is creating change in the world.
Stellar’s currency, lumens, was one of the top 10 biggest currencies at the end of 2017 by market capitalization. Stellar is also suffering from the recent crypto crash. Stellar’s currency is down to about 21 cents.