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Bitcoin companies turning to Wall Street for financial leaders

To help develop bitcoins further, some companies are turning to leadership from Wall Street
By: Michael Hatamoto | Business, Financial & Legal News | Posted: Apr 7, 2015 8:41 pm

The Factom bitcoin technology company has turned to Wall Street to help find a new treasurer, relying on his interest in bitcoin and financial expertise. While working at Morgan Stanley, Dienelt co-founded the Lazzerbee paper bitcoin wallet company - and is knowledgeable in regards to the private wealth business.

 

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"After two years traveling to bitcoin conferences, mining, and running a paper wallet company, I'm glad to have found a home in the space," said Jacob Dienelt, a former Morgan Stanley investment manager and now head treasurer of the Factom bitcoin company, in a statement published by Reuters.

 

The bitcoin financial infrastructure isn't going to disappear, but needs clear leadership to help work through government regulation hurdles, grow consumer support, and attract new business partners. "Bitcoin 2.0," which has seen more bitcoin firms taking experienced leaders from Wall Street, hopes to find new processes for the blockchain.

NEWS SOURCES:Reuters.com, Media.coindesk.com

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