Gatecoin Board of Directors to Be Led by George Popescu

Hong Kong-based bitcoin exchange Gatecoin has announced its advisory board, looking to capitalize upon its members’ experience in trading and digital currency.

Gatecoin launched earlier this year, offering bitcoin trading in USD, EUR and HKD. In a market saturated with dozens of bitcoin exchanges around the world, Gatecoin seeks to excel in the areas of performance, security and compliance. It also aims to make it easy for international traders to make Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, and employs a fee/reward model geared toward motivating Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.

The exchange’s advisory board will be headed by George Popescu. He currently serves as a partner at Techstars Accelerator; as CEO of Backed Inc., an online lending platform; and as partner at LunaCap Ventures. Previously, he led the growth of Boston Technologies, a trading technology provider.

Popescu will leverage his experience toward the trading of bitcoin. He claimed:

“Bitcoin is here to revolutionize how payments are made. Bitcoin payments are instantaneous, 100% safe, and by far the cheapest. It will impact humanity in the same way as paper money did when it replaced gold and silver coins.”

Serving on the board will be Jean Marie Mognetti, senior partner at Jersey-based Global Advisors Ltd., and investment manager Global Advisors Bitcoin Investment (GABI), a regulated bitcoin fund.

Gatecoin CEO Aurélien Menant told Finance Magnates that GABI conducts its trading through Gatecoin's exchange.

Also on the board are Jacques Tepe, Luis Bellver and Ian Brodie, who according to a press release, respectively have several years’ experience in the brokerage, banking and IT disciplines.

Gatecoin has reduced its fees from a maximum threshold of 0.6% following launch to 0.35%, more in line with the industry average. Additional discounts are possible depending on trader type and volume.