Goldman Sachs board member M. Michele Burns is joining the board of new bitcoin payment processor Circle World wide web Monetary, becoming the latest representative from the worlds of huge finance and investing to show an interest in digital currency.
The move represents a possible greater acceptance of bitcoin in the US in the financial mainstream, at a time when other large countries are attempting to block or caution against its use.
Burns is also a Director at Cisco Systems Inc., and previously sat on the board at Wal-Mart Retailers Inc. Her involvement in the finance market goes back to 1981, and she has also been Executive Vice President and Chief Monetary Officer of insurance brokerage Marsh & McLennan, and Chairman and CEO of consultancy firm Mercer.
She has also supported Democratic politicians Al Gore and Hillary Clinton, sits on the Boards of Trustees at the Atlanta Symphony Orchestra and the Elton John AIDS Foundation, and is a Strategic Advisor at the Stanford Center on Longevity.
Circle has been a preferred with massive investors since its launch last October, creating headlines with the biggest ever Series A investment in a bitcoin organization of $ 9m from nicely-recognized tech investors such as Jim Breyer, Accel Partners and General Catalyst Partners.
Part of the appeal is Circle’s CEO Jeremy Allaire, previously CEO of on the web video platform Brightcove and Allaire Corporation, creator of the ColdFusion development language before its acquisition by Macromedia in 2001.
He has described bitcoin as “a completely transformational technologies” that could be as significant as e mail or Skype. Circle aims to be a organization and regulator-friendly payment processor related to BitPay and Coinbase, but has not totally unveiled its services as however.
Allaire also fronted the US Senate Committee hearings on bitcoin in November, saying bitcoin had to reside with the realities of a regulatory environment, but also suggesting the regulatory burden on financial solutions was also high when compared to other startups in the tech sector.
View Goldman Sachs Director to Join Board of Bitcoin Startup Circle on CoinDesk.
Goldman Sachs Director to Join Board of Bitcoin Startup Circle
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