BitPay hires Visa, Jumio executives for San Francisco office

BitPay has hired for two key management positions at its San Francisco office. Formerly Vice President of Sales and Business Development at Jumio, Sonny Singh has been named as Chief Commercial Officer at BitPay to oversee all sales operations. He will be responsible for increasing BitPay's client base of over 40,000 merchants.

Recall that Jumio, a Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term for know-your-client (KYC) operations, was recently brought on by Safello to expedite its customer verification process. Safello offers Europeans multiple payment options to buy bitcoins quickly and easily. Said Tony Gallippi, Co-founder and Executive Chairman of BitPay:

“Sonny’s experience in Silicon Valley makes him the perfect candidate to build out our San Francisco office. While BitPay is used by global enterprises, it’s also designed and priced so technology startups can go live quickly.”

Steve Pratt, formerly Visa's VP of healthcare industry, was hired as Director of Business Development. He is the second Visa executive to have been hired by BitPay. Two months ago, they hired Tim Byun as Chief Compliance Officer. Byun was previously Visa's Anti-Money Laundering (AML) Anti-Money Laundering (AML) Anti-money laundering (AML) is a term that describes laws, processes, and regulations that are intended to prevent illegally obtained funds from being disguised as income gained through legitimate means. The fundamental purpose of the AML laws is to help safeguard, detect, and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.Most exchanges have AML measures that include identity verification Anti-money laundering (AML) is a term that describes laws, processes, and regulations that are intended to prevent illegally obtained funds from being disguised as income gained through legitimate means. The fundamental purpose of the AML laws is to help safeguard, detect, and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.Most exchanges have AML measures that include identity verification Read this Term) and anti-terrorist financing officer.

In addition to the San Francisco additions, the company has hired 13 more in various locations as they look to grow further.