Bitcoin Startup Xapo Announces Advisory Board with Visa Founder, former Chairman of Citibank and former Secretary of Treasury
Incorporated in Switzerland as a Bitcoin wallet service provider, Xapo has announced the formation of an advisory board with three eminent Wall Street personalities. Founder of payment service Visa Dee Hock, former Chairman & CEO of Citibank John Reed, and former Secretary of Treasury under President Bill Clinton Lawrence H. Summers will now counsel the Bitcoin startup on building a global Bitcoin ecosystem. Mr. Hock said: "We live in the 21st century but are still using command and control organizational structures from the 16th century. Bitcoin is one of the best examples of how a....
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Universal Bitcoin services startup Xapo has announced that former executives from Visa and Citibank, alongside a former secretary of the treasury, has joined the company's board of directors. In a Xapo statement, Visa founder Dee Hock, former Treasury Secretary and President Emeritus of Harvard University Lawrence H. Summers and former Citibank CEO and Chairman John Reed, said they joined the company because of the potential of Bitcoin's technology and currency to advance financial services. Reed highlighted how Bitcoin could change financial services, noting they have "remained largely....
Xapo, the bitcoin wallet, has formed an advisory board that includes three-well known financial visionaries: Dee Hock, the founder of Visa. Lawrence Summers, former U. S. Secretary of the Treasury, and John Reed, former chairman and CEO of Citibank. The three will enhance Xapo's status as a progressive bitcoin wallet. All three individuals see bitcoin as playing an important role in future payments and governance. Hock has played a major role in the creation of modern payments systems. "Bitcoin represents not only the future of payments, but also the future of governance," Hock said. "We....
Bitcoin services provider Xapo has appointed a number of notable businessmen to its recently inaugurated board of advisors, including founder of Visa, Dee Hock. Joining Hock on the Xapo board are John Reed, the former chairman and CEO of Citibank; and Lawrence H. Summers, Secretary of Treasury under Bill Clinton's administration. The newly appointed board members praised digital currency's potential, with Hock claiming "bitcoin represents not only the future of payments but also the future of governance". "We live in the 21st century but are still using command and control organisational....
Online wallet provider Xapo has raised its funding total to $40m, leapfrogging BitPay to become the best-funded bitcoin startup to date. Announced today, the startup's second Series A-1 funding round took $20m in total. Spearheaded by Index Ventures and Greylock Partners, the round also included Emergence Capital Partners, venture capitalist Yuri Milner, PayPal co-founder Max Levchin and former Yahoo! CEO Jerry Yang. Back in March, Xapo's initial round was led by Benchmark Capital, Fortress Investment Group (FIG) and Ribbit Capital. At the time, it was the second-biggest funding round in....
Ripple Labs has added Michael Barr, a former US Treasury Department official, to its board of advisors. Barr previously served as Assistant Secretary for Financial Institutions under President Barack Obama and as a special Treasury advisor to former President Bill Clinton. Barr also worked in the State Department and the US Supreme Court. He is currently teaching at the University of Michigan Law School. Barr said in a statement: "Our global payments system is badly outdated. I think innovation in payments can help make the financial system safer, reduce cost and improve access and....