The bitcoin ecosystem has just gotten a major vote of confidence from yet another established financial player as it is revealed that Antony Jenkins, former group chief executive of Barclays, has joined the board of directors of Blockchain.
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This move is part of a string of good news from the company recently. In November it issued its ten millionth bitcoin wallet and earlier this month Blockchain was named among the top ten most disruptive startups by the UK’s Fast Track and The Sunday Times.
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Peter Smith, the CEO and co-founder of Blockchain, explained: “Few people have seen the financial system from Antony’s vantage point. He was a senior leader in the banking industry – spanning the turbulent 2000’s – including his time at the helm of Barclays Group. If anyone knows how the current system works, it is Antony. More importantly, it is his dedication to modernizing that system that gets both of us incredibly excited.
I wanted to collaborate with Antony for a simple reason: wisdom to navigate crossing the chasm from a simple, burgeoning technology to enabling a whole new financial ecosystem. From a timing perspective, it felt right. From our humble origins in York, our software now powers more transactions each week (hundreds of thousands) than any other privately held technology company I’m aware of and, as a result, we manage an increasingly complex global operation. Antony is one of the few that’s led a company that already does this and at a far greater scale — I’m looking forward to learning how to do it.”