PayPal Appoints Bitcoin Company CEO To BoardA digital currency enthusiast has joined the board at PayPal.
PayPal announced yesterday (Jan. 13) that it appointed Wences Casares to its board of directors. Casares is the founder and CEO of Xapo, a bitcoin company. The company provides tools for consumers to both purchase bitcoins and manage them through its digital wallet. It also enables consumers to spend bitcoin using the Xapo Debit Card or store them in Xapo’s secure Vault.
Calling him a “successful international FinTech entrepreneur and recognized next-generation payment and cryptocurrency thought leader,” PayPal noted that he will serve on the company’s Compensation Committee.
“I join PayPal’s directors and the entire PayPal team in welcoming Wences to our board,” said Dan Schulman, president and CEO of PayPal. “Wences’ unique line of sight into the future of commerce is ideally aligned with PayPal’s vision of transforming the management and movement of money for people around the globe.”
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