Bitpay, a major cryptocurrency payment services provider, is hiring former Worldpay US veteran Glen Braganza as its company’s CFO, according to a press release that came out on May 7.
This appointment comes amid rumors that BitPay is anticipating a partnership with a UK business travel management firm Corporate Travellers to enable the travel firm to accept payments in bitcoin and bitcoin cash.
Although Braganza’s mandate is not clearly known, BitPay CEO and co-founder Stephen Pair stated that:
“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.”
Thus, Braganza is expected to put more impetus into BitPay’s mainstream payments business.
The CEO also said that Braganza has over 15 years’ experience in public markets and private equity that will “help support the business through its next phase as the company grows into a global financial organization.”
Before Bitpay, Braganza acted as Worldpay US’s as CFO where he oversaw $150 billion in payment volume annually and handled over $400 million in revenue annually. Another outstanding achievement was his involvement in 2014 to establish the Group’s business in the Netherlands.
Braganza had also previously worked in the United Kingdom Lloyds Banking Group and London Jefferies & Co in.
Fidelity Digital Assets brought in Chris Tyrer, an ex-British investment bank Barclays executive while Tradewind appointed Michael Albanese, a former JPMorgan Chase executive, to be its CEO.
BitPay was founded in 2011 to help various businesses turn cryptos into dollars via its prepaid Visa card, manage their digital wallets, and process cross-border blockchain payments.