How Stellar Development Foundation is Promoting Financial Inclusion

For those who keep up with cryptocurrency news, Jed McCaleb is a familiar name. the popular programmer is the proud founder of eDonkey, a file-sharing platform. He is also the founder of Mt. Gox, another success in the world of Bitcoin. In fact, Mt. Gox happens to be the first Bitcoin exchange platform. Jed also created Ripple in 2011.
Stellar Development Foundation
While Jed McCaleb has been in the news in respect of his various ventures, his newest project might be the biggest of them all. In 2014, he decided to create Stellar Development Foundation, with the help of his team of developers and advisors. He was inspired by the current global financial situation, where economic inclusion is missing. He was also keen on ensuring that the world’s poorest are able to get access to financial services at a cheaper cost. This, to him, is the whole point of economic inclusion.
Using Stellar, Jed McCaleb hopes to link financial institutions, including Bitcoin, and to offer cheaper financial costs. He does this using the open source financial network model. Following World Bank statistics that show that over 2.5 billion of the world’s population is unbanked, Jed McCaleb hopes that his model will offer a sustainable solution. With Stellar, he can ensure that banks are able to handle maintenance costs while also serving low-income people.
More About Jed McCaleb
Jed McCaleb is not only the co-founder of Stellar Development Foundation, but he is also the company’s CTO. His typical day involves running his business, and responding to emails. He also does coding for Stellar Development Foundation, and he has a dedicated team of experts to ensure that the project runs smoothly. In order to achieve his level of success, Jed points to being productive and being focused on niche things as prerequisites to building great projects.

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