Category: Financial Advice

Jed McCaleb Founds Stellar to Bank the Unbanked

According to the World Bank, around 2.5 billion people in the world have no access to regular banking services because they are not cost-effective customers due to their poverty or their rural locations. Most of them live in developing countries.

 

Jed McCaleb founded Mt. Gox, the first exchange for Bitcoin. While he was operating Mt. Gox, he realized the world needed not just the blockchain currency Bitcoin, but for entire financial institutions to run on the blockchain’s technology. By using blockchain to join financial institutions together, this reduces the cost to provide banking services to impoverished and isolated people, allowing them access to institutional money storage such as checking accounts and also the inexpensive and fast transfer of funds. Bitcoin uses its blockchain to serve as a currency. It can be kept, used to pay for products or easily given away without the requirement for an intervening third party such as a bank or credit card gateway to facilitate the transaction. In a similar way, Stellar connects entire financial institutions.

 

Therefore, Jed McCaleb and Joyce Kim co-founded the Stellar Development Foundation in 2014. McCaleb still serves Stellar as its Chief Technology Officer, leading the increasing development of Stellar as a universal financial network enabling the increased inclusion of economically marginalized peoples in developing countries. That keeps him busy. He codes and leads his team in setting up and improving the technical aspects of Stellar. And he runs the business, answering emails and making operational decisions.

 

Thanks to his experience with Bitcoin, Jed McCaleb has spent many hours thinking about the flaws of the current financial system, and how it can be improved using digital technologies. Stellar Development also works with Stellar.org, a nonprofit organization which uses technology to enhance digital financial literacy, and contributes toward the development open source software that works toward this goal.

 

Prior to starting Mt. Gox for Bitcoin, Jed McCaleb worked for MetaMachine, where he started eDonkey2000, a file-sharing P2P network. eDonkey introduced the hashtag, 1-to-many sharing of data and multi-source downloads. It was the first DHT large-scale implementation. He also programmed the game The Far Wilds.

The Oxford Club and Their Market Beating Strategies

The Oxford Club has become the gold standard for investment research and their ability to analyze and highlight the most lucrative market opportunities provides a tremendous value to all of their members across the globe. They offer various products and services that are specifically designed to maximize returns while minimizing risk. They help their members build lasting wealth which can greatly enhance one’s quality of life even to the next generation.

The Oxford Communique is their flagship newsletter and it is based on the talents of Alexander Green who is a best-selling author on the New York Times list. He is also the Chief Investment Strategist for The Oxford Club and an expert market analyst. He offers timely insights on market conditions, trading ideas, and investing. It also features Beyond Wealth which offers advice on the issues of life including politics, philosophy and healthy living. This particular newsletter has been highly rated and placed among the nation’s best several times now.

Trading services are another avenue that The Oxford Club utilizes to enhance the market returns of their members. These are researched meticulously and provide the best opportunities in the marketplace among all investment vehicles. An example of this type of service is Automatic Trading Millionaire which takes advantage of the substantial and unique opportunities in the options markets. The professional behind this endeavor is Options Strategist Karim Rahemtulla who understands the power and flexibility of options to provide an income stream and obtain stocks at a discount.

There are different levels of membership within The Oxford Club and one, in particular, can be put in the spotlight at this time. The Chairman’s Circle Membership is the most versatile as it provides access to all of the Club’s publications. A one-time fee provides a lifetime membership and many privileges which can accelerate one’s financial success in the markets.

The Oxford Club spans 131 countries and has over 157,000 members and is truly a global concern. It was founded on the premise that savvy market and finance professionals are able to unearth the most lucrative opportunities according to their insider’s knowledge. Networking and idea sharing is a staple function to this day among members.