PayPal Just Appointed This Bitcoin Startup Entrepreneur to Its Board

Payments hulk PayPal announced a new house member this morning, potentially signaling a company’s honesty to cryptocurrencies. Wences Casares, CEO of bitcoin wallet provider Xapo, assimilated PayPal’s house and is partial of a company’s remuneration committee.

Dan Schulman, boss and CEO of PayPal


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, pronounced of a entrepreneur: “Wences’s singular line of steer into a destiny of commerce is ideally aligned with PayPal’s prophesy of transforming a government and transformation of income for people around a globe.”

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Casares is a sequence entrepreneur, initial Argentina’s initial Internet use provider as good as a gaming association (acquired by Activision) and digital wallet startup Lemon (bought by LifeLock, with that Casares is now inextricable in a lawsuit.)[9:2

His newest startup, Xapo, allows people to squeeze bitcoins and conduct them in a digital wallet. Users can spend their bitcoins by a Xapo withdraw label or store them in a almost assets account. One



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