Tom Meredith was destined from an early age to be involved in blockchain technology companies that enable the world’s central banks to create their own digital currencies.
Afterall, he received his Mechanical Engineering Degree from Stanford University in 3 years and went on to graduate with an MBA in Entrepreneurial Studies from Harvard Business School.
But what really accelerated Meredith’s journey was the work he devoted to the space more recently, which laid the foundation for where he is today. Inventor of the “Smart Token” and the patent-pending “Atomic Swap” digital wallet, Meredith created companies that tapped novel technologies. Specifically, he productized his Smart Tokens as the foundational technology driving the products and services of his company BitMinutes (pre-paid phone minute token); bridging the gap between traditional settlement networks such as MasterCard, SWIFT and the growing Blockchain networks such as Ripple and Ethereum.
As the CEO and CTO of UberFi, Meredith has caught the attention of the central bank community. UberFi creates custom “Stablecoins,” a digital version of a country’s fiat currency, for central banks. It is the primary reason we sought him out for the interview that follows.
Question: Why are we not seeing more central banks creating their own electronic currency?
Answer: Almost every single sovereign country on the planet will issue a digital currency in one way, shape or form within the next 10 years.
However, governmental officials are still very leery of blockchain and tokens. Even though Bitcoin’s been around for 10 years, there’s still a mystery about it. Who invented it? We don’t know. Who authorized it? Nobody did. How can it be legitimate? There’s still those lingering doubts and questions in the back of the minds, especially for the regulatory bodies who are responsible for central bank decisions and central bank implementations as well as those managing the money supply in those countries.