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Global electronic payment platform PayPal has set up a council of specialists to offer advice and guidance on crypto, blockchain, and digital currencies matters.
PayPal said yesterday that the six-man board would support the company’s crypto products and lead its drive to develop an all-inclusive digital financial environment.
All the candidates on PayPal’s crypto advisory council have one thing in common – a huge depth of experience in different sections of the crypto space ranging from blockchain to regulation.
According to PayPal’s senior vice and the general manager for Blockchain, Crypto, and Digital Currencies, Jose Fernandez da Ponte says the council will help the payment processor leverage the benefits of the crypto space and tackle the difficulties.
“We believe it is crucial to engage with the world’s best leaders to better understand the industry’s most compelling opportunities and complex challenges.”
Members of this peculiar council include Peter Briger Jr., who is co-CEO of Fortress Investment Group; Chris Brummer, a professor at Georgetown Law; and director of the Simons Institute for the Theory of Computing at the University of California.
Others include Timothy Massad, a former Assistant Secretary of the Treasury for Financial Stability; Neha Narula, director of the Digital Currency Initiative at MIT’s Media Lab; and Antoinette Scholar, a finance professor at the Massachusetts Institute of Technology’s Sloan School of Management.