PayPal Expands Board of Directors With Fintech Veteran, Wences Casares

PayPal Holdings, Inc. (NASDAQ:PYPL) has appointed Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term entrepreneur Wences Casares as the newest addition to its Board of Directors, whose move is tendered with immediate effect.

Mr. Casares is a longtime fintech veteran and thought leader throughout the cryptocurrency realm. In his new role on PayPal’s Board of Directors, he will serve on its Compensation Committee. His presence will increase PayPal’s Board of Directors to nine members.

Mr. Casares currently serves as the founder and Chief Executive Officer (CEO) of Xapo. He has also founded technology and financial ventures in the US, Latin America and Europe, including online brokerage, Patagon.

According to Dan Schulman, President and CEO of PayPal, in a recent statement on the appointment: “I join PayPal’s directors and the entire PayPal team in welcoming Wences to our Board. Wences’s unique line of sight into the future of commerce is ideally aligned with PayPal’s vision of transforming the management and movement of money for people around the globe.”

“I am honored to serve on the board of an iconic global company dedicated to driving the transformation of money on a global scale. I look forward to working together with the PayPal board and leadership team to continue to deliver their compelling vision,” noted Mr. Casares in an accompanying statement.