Jed McCaleb’s Contribution in the Financial Industry

His newest venture has taken the programming field with a storm, Jed McCaleb a programmer is a talented and passionate individual and has helped in the innovation of different programs. Some of the works Jed has been involved in include; peer to peer technology, edonkey, Mr Gox as well as Overnet.

In 2014, stellar was established, a sit down with Jed McCaleb reveals the idea behind Stellar and how it is helpful in the world today.

Jed says that Stellar came up with the idea, when he discovered a gap in the financial system and the flaws that affected the financial sector globally. He joined hands with his co-founder Joyce Kim and established the now successful Stellar development programme. Jed helps in the technical development of Stellar and is also the CFO.

Jed’s work as a technical developer involves coding and when he is not coding Jed responds to emails and calls, he plays a significant role in the running of the business, and his contribution has contributed tremendously to the growth of the company.

After discovering the gap and identifying the solution which was Stellar one would want to know how did Jed and his partner initiate Stellar. Jed says that Stellar is a tool created to connect people who are unbanked and this is made possible by linking institutions. Stellar provides a solution for the unbanked people by ensuring the institutions offer affordable services.

Due to high maintenance needed to run a bank, financial institutions are at times unable to provide services to low- income earners. With the invention of Stellar financial firms can now offer services to low- income people.

The implementation of Stellar.

Developing countries have highly benefited from this project since the number of unbanked people in these areas is higher compared to other developed nations. Since it’s inception in 2014, the technology has been upgraded to be safer, accessible and flexible; it has also been created to be easily understood by people from all walks of life.

Final remarks.

Jed McCaleb attributes his success to always having plans; planning helps him to focus on important things another attribute that has contributed to his success story is talking failures as lessons to better yourself in future projects.