Relevant:
- Goldman Sachs Jumps on the Bitcoin Bandwagon Investing $50 Mln in Circle
- BofA to pay $727 million to consumers over credit card practices
- Federal Reserve Study Says The U.S. Needs Faster Payments (SCARED OF BITCOIN MUCH??)
- New York Regulator Issues First Bitcoin License to Company
- Seattle And Austin Are Getting Bitcoin ATMs
2013-11-14 — wsj.com
A former top official of the federal Consumer Financial Protection Bureau is jumping on the bitcoin bandwagon. Raj Date, a banking-industry veteran who has pushed for tighter regulation of the financial system, has joined the board of a new company developing ways to get merchants and consumers to use the virtual currency. The move is likely to add credibility to fledgling Circle Internet Financial Inc., which last month received $9 million in financing from venture capitalists.
"The underlying infrastructure of the payments industry is decades and decades old. There is a tremendous opportunity to change that and build better products for consumers," Mr. Date said.
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