After this Pioneer in innovation in digital currencies at the Bank of EnglandMark Carney officially serves on the board of directors of Stripe, a company dedicated to building new internet commerce solutions.
Stripe introduced Carney as a board member on Sundaywhere he joins Christa Davies, Diane Greene, Jonathan Chadwick, Sir Michael Moritz and Stripe co-founders Patrick and John Collison. The US digital payments company says it will benefit from Carney’s “extensive experience in global financial systems and governance.”especially when introducing new climate efforts.
“The nature of commerce has changed over the past decade,” Carney said. “”Stripe led the way in enabling this new digital economy, providing innovative and resilient global payment solutions for businesses large and small.“.
“I look forward to helping Stripe build the global infrastructure that enables the Internet to become the engine of strong and inclusive economic growth in the years to come.”
Founded in 2011, S.tripe is being promoted as a complete payment processing platform for e-commerce and other forms of online business. The company made its first foray into Bitcoin (BTC) in 2014 before launching BTC payments the following year. However, Stripe would discontinue BTC functionality in 2018 due to high fees and slow confirmation times. In October 2019, Stripe also left Stripe’s Facebook-supported Libra project, which has since been renamed Diem.
Although Stripe has given up on Bitcoin payments, co-founder John Collison has for the time being expressed a positive attitude towards the future of cryptocurrencies. especially in emerging markets where payment systems are still evolving.
Carney was also positive about digital assets, especially those backed by central banks. At the Jackson Hole Symposium 2019 Carney envisioned a future in which a central bank digital currency (CBDC) could replace the US dollar as the global reserve currency..
“”It is an open question whether this new synthetic hegemonic currency is better provided by the public sector, perhaps through a central bank digital currency network, “he said.
Carney was no longer governor of the Bank of England for nearly a year. During its seven-year tenure, the central bank faced the economic fallout from Brexit and the outbreak of the coronavirus pandemic..
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