Companies and states have come up with many ways of dealing with poverty, from policies to programs and the list of possibilities is endless. However, one program that has shown great potential in eliminating poverty is stellar. Stellar was invented in 2014 by Jed McCaleb; this program connects people to low-cost financial services.
So you may be wondering how does the program work? How can I use it to improve my finances? Then you have come to the right place, read on as we expound more on all the possibilities one has with stellar. But before that lets us have a close look at the inventor Jed McCaleb.
Jed McCaleb is a well-known programmer in America he has worked on several other projects such as edonkey, Overnet and Mr. Gox. Still, at an early age, Jed knew the path he wanted to take and worked towards achieving his dreams in life. He worked on several programming programs, and this gave him a platform that would help shape his career path today.
In 2014, together with co-founder Joyce Kim, they established Stellar. In his other projects, Jed focused on cryptocurrencies and the different trends and different ways these currencies could be used to benefit citizens. During his work and research, Jed McCaleb discovered that crypto currency would be the next big thing in several years to come.
In a sit-down Jed McCaleb shared his thoughts on the matter and how stellar comes into the picture.
According to Jed, in years to come, there will be a universal mode of payment, this though a good thing for business in the world it will pose several challenges because people will not be able to make changes in this transaction like the physical transactions most popular. The good thing is; Stellar has been invented to solve this problem.
Stellar allows users to change currencies to currencies that allow for transactions to run smoothly; his invention will also change assets like stocks into a digital form for ease of use. This program will help business people to connect on a more accessible platform compared to traditional methods. Jed McCaleb believes stellar will also act as a bridge for banks all over the world.