A longtime developer in the cryptocurrency world predicts its technology will change global payments, fundraising and stock markets in the near future.
Jed McCaleb has had a hand in some of the biggest crypto organizations to date, beginning with the Mt. Gox bitcoin exchange. McCaleb is now chief technology officer at Stellar, which is focused on developing a cryptocurrency network for cross-border payments.
On Wednesday, he shared his views with CNBC.com on how cryptocurrency and the underlying blockchain technology will likely gain traction in the years to come.
"In the future, I think it's pretty clear to me there will be a universal payments network that will operate," McCaleb said. That will involve a "public ledger that people can see and can't change arbitrarily" and letting people "use things they're used to, like dollars and euros."
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