Jed McCaleb is a man who knows the ins and outs of financial technology. Over his career, he has found that many financial institutions are flawed and need a helping hand to get to people who do not have the resources close to them to finance their dreams. That gave him the idea to co-found with his close friend Joyce Kim the Stellar Development Foundation in 2014. He has also founded companies like Ripple and eDonkey to make financial platforms easier to understand for regular people. In an interview with Ideamensch, Jed McCaleb explains what gave him the idea for this site and what his life is generally like on any given day.
Jed McCaleb has always been fascinated with technology in the financial sector and wanted to work with it from the ground up. He took a look at the Bitcoin system and eventually figured out there could be a better alternative. This is the idea behind Stellar. the key for him was to find a way to connect as many financial institutions together as possible and help serve as many people as possible at the same time. The system that is used is an open sourced one. He found that more than two million adults around the world do not a bank account and he wants to use this platform in order to reduce that number.
Jed McCaleb’s usual day is quite a busy one. He runs small teams in his office and makes sure that the platform he is working on is as up to date as it can be. He says he has two modes when he is at work. They are focused and reactive modes. When he is in a focused mode he is working to make his system better. When he is in a reactive mode he takes care of all of the usual things that come with a business. He will reply to emails, requests and the like. These modes allow Jed McCaleb to be as efficient and effective as possible.
Jed McCaleb likes to keep busy. With his Stellar site, he is doing just that.