Also, it is a very significant PR coup for the Bitcoin-based payment processor. 
Topic: Visa executive joins BitPay - page 2. (Read 1549 times)
This is a great success for Bitpay actually. Now they have someone who knows all the dirty tricks and inside jobs of Visa. Also, it is a very significant PR coup for the Bitcoin-based payment processor.
Also, it is a very significant PR coup for the Bitcoin-based payment processor. 
Large companies can afford to hire people to deal with all the Gov't BS. Sadly it's the smaller companies who really suffer from too much red tape. This sounds like a good idea for BitPay.
Visa executive joins BitPay
A former Visa executive has joined the bitcoin merchant processor BitPay as its chief compliance officer.
Tim Byun, formerly the anti-money laundering and anti-terrorist financing officer of Visa, took up his new role at BitPay at the Digital Banking Summit conference last week.
"As the bitcoin industry continues to grow, BitPay wants to ensure that our policies and procedures fall inline with various state, federal and international regulations," said BitPay executive chairman Tony Gallippi. "For this reason, we hired Tim to set up and maintain our compliance structure."
Source:
http://www.ibtimes.co.uk/cryptocurrency-news-round-darkcoin-rises-visa-exec-joins-bitpay-notchs-dogecoin-donations-1451982
Opinion:
Do you think Visa executive joining BitPay a good or bad idea for Bitcoin?
A former Visa executive has joined the bitcoin merchant processor BitPay as its chief compliance officer.
Tim Byun, formerly the anti-money laundering and anti-terrorist financing officer of Visa, took up his new role at BitPay at the Digital Banking Summit conference last week.
"As the bitcoin industry continues to grow, BitPay wants to ensure that our policies and procedures fall inline with various state, federal and international regulations," said BitPay executive chairman Tony Gallippi. "For this reason, we hired Tim to set up and maintain our compliance structure."
Source:
http://www.ibtimes.co.uk/cryptocurrency-news-round-darkcoin-rises-visa-exec-joins-bitpay-notchs-dogecoin-donations-1451982
Opinion:
Do you think Visa executive joining BitPay a good or bad idea for Bitcoin?
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