The rise of Bitcoin has been one of the biggest stories in the investment world over the past few years. Those that were able to invest in Bitcoin and other crypto currencies have seen their values increase dramatically in value. One individual that has been a major contributor and investor in the industry has been Jed McCaleb. He is best known for starting a number of very popular coins and exchanges including eDonkey, Mt. Gox, and Ripple. His ownership in Ripple alone at one point was worth over $20 billion, which would make him one of the richest people in the world.
While he has already been very successful with his existing businesses, Jed McCaleb continues to look for new ways to invest and expand his interests. In 2014 he and his business partner Joyce Kim started a new company called Stellar. Stellar is quickly becoming one of the most popular ways in the world for people to exchange money. It is an open-source protocol that provides people with the ability to exchange money in a safe and anonymous environment.
Today, many different organizations across the world are using Stellar as a primary way to exchange money. The company has also landed some major contracts that will help the business to grow. In October 2017 IBM created a partnership with Stellar that would work on finding a way to increase the speed in payments that are made across the globe. This included finding ways to provide faster payment speeds in developing nations across Africa and Asia. The new joint venture with AT&T will provide the company with far more processing speed than previously imagined.
There are many reasons why Jed McCaleb and Stellar are making a major move in the world today. One of the biggest concerns that people have with the global economy today is that there is too much fluctuation in value of currencies and that countries can be corrupt. Because of this, finding a way to use a currency that is not tied to one nation could be advantageous and it appears to be the wave of the future.