Former BoE, BoC governor Mark Carney joins Stripe board of directors

Mark Carney, one of the most prominent central bankers of the post-financial crisis era, has officially joined the digital payments company. Stripe has all but abandoned cryptocurrency payment solutions for the time being, but its founders are positive about the emerging industry.

After paving the way for digital currency innovation at the Bank of England, or BoE, Mark Carney has officially joined the board of directors at Stripe — a company that’s committed to building new commerce solutions for the internet. 

Stripe introduced Carney as board member on Sunday, where he joins Christa Davies, Diane Greene, Jonathan Chadwick, Sir Michael Moritz and Stripe co-founders Patrick and John Collison. The U.S. digital payments company says it will benefit from Carney’s “extensive experience of global financial systems and governance,” especially as it rolls out new climate efforts.

“The very nature of commerce has changed over the past decade,” Carney said. “Stripe has been at the forefront of enabling this new digital economy, providing innovative and resilient global payment solutions to businesses large and small.”

He continued:“I look forward to supporting Stripe over the coming years as they build the global infrastructure that enables the internet to become the engine for strong and inclusive economic growth.”

Founded in 2011, Stripe markets itself as a complete payment processing platform for e-commerce and other forms of online business. The company first dabbled in Bitcoin (BTC) in 2014 before rolling out BTC payments the following year. However, Stripe would eventually drop BTC functionality in 2018 over high fees and slow confirmation times. In October 2019, Stripe also abandoned the Facebook-backed Libra project, which has since been rebranded to Diem.

Although Stripe has given up on Bitcoin payments, for now, co-founder John Collison has expressed a positive attitude towards the future of cryptocurrencies, especially in emerging markets where payments systems are still evolving.

Carney has also expressed a favorable view towards digital assets, especially those backed by central banks. At the 2019 Jackson Hole Symposium, Carney envisioned a future where a central bank digital currency, or CBDC, could replace the U.S. dollar as global reserver currency.

“It is an open question whether such a new Synthetic Hegemonic Currency would be best provided by the public sector, perhaps through a network of central bank digital currencies,” he said at the time.

Carney is almost one-year removed from his post as BoE governor. Under his seven-year tenure, the central bank tackled the economic consequences of Brexit and the beginning of the coronavirus pandemic.
http://dlvr.it/RtBcCn

You might be interested in …

Bitcoin may see major price volatility at the start of December — Here’s why

Uncategorized

Bitcoin might see a spike in volatility when the new weekly and monthly candles open, especially after a large short-term correction. The price of Bitcoin (BTC) faces two crucial events on Dec. 1 right after the weekly and monthly candles close. The upcoming weekly candle close is particularly noteworthy because it could mark the first […]

Read More

Bitcoin’s next move, Elon Musk’s promotion, the toilet paper NFT: Hodler’s Digest, March 14–20

Uncategorized

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Bullishness for Bitcoin continues despite its struggle to reclaim $60,000 Bitcoin […]

Read More

US Court Sentences Bitcoin Scammer to 3 Years in Prison After Massive Twitter Hack to Promote BTC Scam

Uncategorized

The mastermind behind a large-scale Twitter hack to promote a bitcoin giveaway scam has pleaded guilty and been sentenced to three years in prison. During the hack, a number of high-profile companies, politicians, and celebrities saw their accounts taken over to promote the cryptocurrency scam. Graham Ivan Clark, the Florida teen who hacked prominent Twitter […]

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php