Bitcoin ‘doesn’t solve a main need in society right now,’ says Royal Bank of Canada CEO

Bitcoin 'doesn't solve a main need in society right now,' says Royal Bank of Canada CEO

  • From JPMorgan’s Jamie Dimon, to the IMF’s Christine Lagarde, bitcoin has become a major talking point for the finance world’s established voices.
  • Now Royal Bank of Canada CEO, David McKay, is joining in calls to question the utility and legitimacy of bitcoin.
  • “The purpose it [bitcoin] seems to serve today is really to help move money in a hidden way and facilitate, potentially facilitate, criminal activity of moving money in an undetected way,” McKay told CNBC in an episode of Life Hacks Live.

Royal Bank of Canada CEO, David McKay, is joining in calls to question the utility and legitimacy of bitcoin.
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Paxos Appoints Former NYSE CEO Duncan L. Niederauer to Board of Directors

  • Paxos also announced a collaboration with EY on similar blockchain settlement initiatives.
  • Paxos Appoints Former NYSE CEO Duncan L. Niederauer to Board of Directors
  • “I’m delighted to join the Paxos Board of Directors during a time of evolution within capital markets.
  • NEW YORK , Nov. 29, 2016 /PRNewswire/ — Paxos ™ , a financial technology company delivering revolutionary blockchain solutions for global financial institutions, today announced the appointment of Duncan L. Niederauer, the former Chief Executive Officer of The New York Stock Exchange, to the company’s Board of Directors.
  • Its flagship service is Bankchain ™ , a next-generation blockchain settlement platform that is transforming post-trade across capital markets.

NEW YORK, Nov. 29, 2016 /PRNewswire/ — Paxos™, a financial technology company delivering revolutionary blockchain solutions for global financial institutions, today announced the appointment of Duncan L. Niederauer, the former Chief Executive Officer of The New York Stock Exchange, to the company’
Continue reading “Paxos Appoints Former NYSE CEO Duncan L. Niederauer to Board of Directors”