PayPal has done a notable move to position itself for a destiny of income and banking after it added seasoned fintech figure and bitcoin businessman Wences Casares to a board.
Argentina-born Casares has packaged a lot into his 41 years to date. He’s now CEO and owner of Xapo, a bitcoin payments startup that has raised $40 million to date, though his past ventures include digital wallet association Lemon (acquired by LifeLock for $42.6 million in 2014), Argentina’s initial ISP, an online brokerage (Patagon that was bought by Spanish bank Banco Santander for $750 million) and New York-based Wanako Games.
No doubt a financial record visionary, Casares has become best famous for pioneering bitcoin in new times and that’s accurately because PayPal has combined him to a board, augmenting a sum series of seats to nine.
Getting him concerned in a association will help PayPal, that done a vital pull to adopt bitcoin in 2014, in a series of ways. That could include identifying and appropriation earnest bitcoin companies, and increasing its concentration on and recognition of choice remuneration technologies that could clear new opportunities for a business worldwide.
“I join PayPal’s directors and a whole PayPal group in welcoming Wences to