BitPay Elects Carl Stern as Newest Member to Board of Directors

Carl Stern, the former CEO and Chairman of Boston Consulting Group, has been elected to join the board of directors at the leading Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term payment processor BitPay. Carl 's new position at BitPay was announced on the company's official blog.

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The addition of Carl to BitPay's directing team represents yet another high-profile talent acquisition by the company. In his capacity as a board member, Mr. Stern will work to guide the company's executive decisions on investment, hiring, and business partnerships in the year ahead and beyond.

BitPay’s CEO Stephen Pair framed the hiring as a move that would further demonstrate his company's commitment to financial world, as while it seeks to expand bitcoin adoption among global merchants in the sector, Carl’s perspective and insight will add great value in helping to guide BitPay in the years ahead.

"Given Carl’s expertise and experience, we look forward to his contributions as a member of our board of directors,” said the chief of the Atlanta-based bitcoin merchant processor.

Prior to this position, Carl served as chairman of Carl W. Stern Associates LLC, Carl, which helps several global companies in developing competitive strategies for their businesses and shaping their corporate portfolios.

Carl has an M.B.A. from the Stanford University Graduate School of Business and graduated cum laude with a B.A. in Economics from Harvard University.

Commenting on his appointment, Carl Stern added: "I'm excited to see how BitPay's technology is making transactions more secure and efficient around the world. I'm proud to be joining the company's board as it continues to lead the way in changing how online Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term work."