Paypal announces formation of Cryptocurrency, Blockchain Advisory Board! Six experts were selected

PayPal, a global financial payment giant headquartered in the United States, announced in a press release yesterday (8) that the company will set up an advisory committee on cryptocurrency and blockchain, and set up an advisory team composed of industry experts. Jose Fernandezda Ponte, senior Vice President and General manager of Blockchain and cryptocurrency at

, said that Paypal has formed an advisory committee to assist and guide the company in creating digital financial systems in blockchain and cryptocurrency in the future. "We believe it is important to partner with the best leaders in the world so that companies can quickly understand the most compelling opportunities and complex challenges facing the industry today." Paypal has named six members to its cryptocurrency Advisory Board, which aims to build a more inclusive digital financial ecosystem by supporting Paypal's current and future products,

said. Members of

include: Peter Briger, co-chief executive of Fortress Investment Group, Chris Brummer, a professor at Georgetown University Law Center, and Shafi, a professor at the Weizmann Institute of Science in Israel Goldwasser; Timothy Massad, former chairman of the Commodity Futures Trading Commission; Antoinette Schoar, finance professor at MIT Sloan School of Management; and Neha, director of the Digital Currency Initiative at MIT Media Lab Told." Each of the six consultants has years of experience in blockchain and cryptocurrencies from a business and regulatory perspective. According to Cointelegraph, SoftBank Founder Masayoshi Son's proposal to invest in Bitcoin in 2017 was made by Peter Briger, co-chief executive of Fortress Investment Group. Dr.Shafi Goldwasser of

is a member of the MIT research team that pioneered zero-knowledge proof protocols long before cryptocurrencies. Dr.Narula, also at MIT, helped the Federal Reserve Bank of Boston build a digital currency for large-scale use while working on the digital currency project. As previously reported, in addition to releasing its super App Wallet in September last year that integrates payments, cryptocurrency transactions, and high-yield savings, payments giant Paypal is exploring its own stable currency, Paypal Coin. Earlier this year, Jose Fernandezda Ponte, senior vice president of crypto and digital currency at PayPal, confirmed in a statement to Bloomberg that it was exploring stablecoin.

Jose said at the time that the company was exploring a stablesoin, and if we seek to move forward, we will of course work closely with the relevant regulatory authorities.