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PayPal Taps into Bitcoin by Adding Wences Casares to Board


CasaresPayPal today announced it has selected Wences Casares, founder and CEO of bitcoin wallet Xapo, to its board of directors.

Casares will serve on PayPal’s Compensation Committee and is the ninth member of PayPal’s board.

Before founding Xapo, which released a bitcoin debit card last fall, Casares was head of Lemon mobile wallet (sold to LifeLock in 2013). He also founded Finovate alum Bling Nation, a mobile payment and merchant-rewards solution for the pre-smartphone era (if you’d like to see some retro fintech, check out Bling Nation’s FinovateFall 2010 demo). Though the startup gained traction with PayPal and a number of banks, Bling Nation closed its doors in 2011 after failing to land merchant partnerships.

PayPal debuted its Instant Account Creation at FinovateEurope 2012. PayPal’s Braintree presented at FinDEVr San Francisco 2015 and will show off what’s new for developers at FinDEVr New York 2016 in March.