BitPay Hires Former Worldpay Executive as CFO

Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term payments firm BitPay announced the appointment of a new chief financial officer (CFO) this Wednesday. Glen Braganza joins the company from another 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 giant - Worldpay.

“BitPay is at the cutting-edge of blockchain-payment technology and has proven itself as a valuable partner to numerous companies and consumers globally,” said Braganza.

“I believe that BitPay has the opportunity to be a game-changer in the financial technology and payment space as the use cases for blockchain payments grow around the world. I am very excited to be part of this journey and join the team,” he added.

Based in Atlanta, Braganza spent the last three and a half years working as the CFO of Worldpay’s US subsidiary. Prior to taking up that role, he worked for over six years as the company’s head of corporate finance.

From Lloyds to BitPay

BitPay’s new CFO got his start in the financial industry at Lloyds. He joined the bank as a graduate in 2000 and spent three years on its finance trainee program.

After completing that program, he then worked at the bank for another four and a half years as a senior manager in corporate development.

After leaving Lloyds in 2008, Braganza spent almost two years at investment bank Jefferies before moving to Worldpay.

“Over the past few years, BitPay has seen record growth as businesses realize the potential blockchain payments deliver globally,” said Stephen Pair, CEO and co-founder of BitPay.

“Glen’s experience is a key advantage to BitPay as the team moves the company into the mainstream to help businesses leverage blockchain for fast consumer transactions and easy global payments.”