JP Morgan

Ex-JP Morgan Exec Paul Camp Joins Bitcoin Bank Circle

Paul Camp Joins Bitcoin Bank CircleAnother industrial-era executive has joined a Bitcoin startup. Paul Camp joins Bitcoin BankCircle as the Chief Financial Officer. An 18 year finance veteran, he has been hired by Digital Currency payment processor to serve as Chief Financial Officer and Treasurer. Prior to accepting a position with Circle, Camp lead JP Morgan’s global transaction services. Camp will bring that experience with him, potentially broadening Circles international capabilities.

Circle is a cryptocurrency wallet provider that raised over $25m in funding last March. Perhaps best known for being one of the first Bitcoin processors to give customers the ability to buy bitcoins instantly with their credit card.

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Jeremy Allaire – creator of ColdFusion, the first commercial web application server platform, founded Circle in 2003. Based out of Boston, Circle is currently developing a suite of products focused on simplifying Bitcoin.

Paul Camp Joins Bitcoin Bank Circle; Bridging Bitcoin and Finance

Paul Camp joins Bitcoin Bank Circle after a year long interviewing process. Allaire commented on the decision:

“Paul is a very intelligent person, a very smart person. I think the vision of an Internet platform – a common Internet platform for value exchange – really captured his imagination. I think he’s also at the point in his career where he’s grown these businesses within big companies and was really excited to build something from the ground up.”

Also read: Wall Street: Young Talent Leaving For Bitcoin and Hi-Tech?

Paul Camp’s network will be a bridge between investors, customers and Circle. Perhaps Camp’s endorsement of Bitcoin will do more to increase its reputation in the eyes of those in the finance sector.

Though the latest banking executive to join a Bitcoin startup, Camp is not the first. Matthew Mellon, of the Pittsburgh Banking family, took a position with the Chamber of Digital Commerce. In October, Securities and Exchange Commission chairman Arthur Levitt joined BitPay.

Images from Circle,TK Kurikawa and Shutterstock.