PayPal Ropes in Bitcoin Entrepreneur to Board of Directors
Payments giant PayPal has announced the appointment of founder and CEO of bitcoin startup Xapo, Wences Casares, to its board of directors. In an official release today, PayPal described Casares as a “recognized next-generation payment and crypto-currency thought leader,” who will serve on PayPal’s Compensation Committee. PayPal’s press release also references bitcoin explicitly, stating Casares’ Xapo as “a company that provides the tools people need to purchase bitcoins and then manage them through an easy-to-use online wallet, spend them through the Xapo Debit Card or store them in Xapo’s....
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“In a telling move about the future of money, PayPal has added a Bitcoin entrepreneur to its board of directors,” CNN Money reports. Fintech entrepreneur Wences Casares joined the board on Tuesday, PayPal announced Wednesday. The move has been interpreted as the beginning of a new phase in PayPal’s timid love story with Bitcoin, which could conceivably culminate in open adoption. “We’ve entered a period of unprecedented disruption in payments and financial services driven by the mass adoption of mobile technology and the digitization of cash,” said PayPal President and CEO Dan Schulman.....
Xapo CEO Wences Casares has been appointed to PayPal’s board of directors, the pioneering online payments firm announced today. The former founder of digital wallet firm Lemon Inc, acquired by LifeLock in 2013, Casares would go on to launch bitcoin security startup Xapo, which has raised more than $40m in two public funding rounds. In the official release, PayPal lauded Casares for his past entrepreneurial efforts and position as a “cryptocurrency thought leader”. While he did not cite bitcoin specifically, Dan Schulman, president and CEO of PayPal, aimed to position Casares as an addition....
A recent Bitcoin Foundation Board of Directors meeting revealed that the organization is on the ropes, with only a few months worth of funding left. This news comes after a $55-65 thousand dollar donation Brock Pierce secured from the BitClub mining organization. While the donation was substantial, it apparently was not enough to ease the Foundation’s....
Per a Form 8-K filed with the U.S. Security and Exchange Commission (SEC), software company MicroStrategy (MSTR) will pay its board of directors in Bitcoin. The decision was taken on April 11, 2021, and it’s applicable to all non-employee directors. As the document says the executives will receive all fees for their service to MicroStrategy […]
Nasdaq-listed Microstrategy, which has amassed nearly 100K bitcoins in its treasury, has modified its compensation agreements for the board of directors. The company will now pay non-employee directors in bitcoin, citing its commitment to the cryptocurrency “given its ability to serve as a store of value, supported by a robust and public open-source architecture, untethered to sovereign monetary policy.” Board of Directors Will Be Paid in Bitcoin Microstrategy Inc. (NASDAQ: MSTR) has filed a form with the U.S. Securities and Exchange Commission (SEC) stating that its Board of....