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October 4, 2022
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Mark Carney, former Governor of the Bank of England, joins Stripe –

Mark Carney, one of the most famous central bankers and former governor of the Bank of England, has officially joined the digital payments company. Stripe, which this company is referring to, has so far abandoned cryptocurrency-based payment solutions, but its founders are positive about this thriving industry.

Mark Carney joins Stripe

Stripe introduced Carney as a board member on Sunday. The former official joined Christa Davies, Diane Greene, Jonathan Chadwick, Sir Michael Moritz and Stripe co-founders Patrick and John Collison. The American digital payment company says it will benefit from “Carney’s extensive expertise in global financial systems and management.”

The very nature of trade has changed over the past decade Carney said. – Stripe has been at the forefront of implementing this new digital economy, delivering innovative and resilient global payment solutions for businesses large and small – added.

As he added, “I look forward to supporting Stripe in the years to come as they build the global infrastructure that will enable the internet to drive strong and inclusive economic growth.”

Stripe

Founded in 2011, Stripe advertises itself as a payment processing platform for e-commerce and other forms of online business. The company first became interested in Bitcoin (BTC) in 2014. In 2015, it introduced BTC-based payments. She finally ditched this functionality in 2018 due to high fees and long confirmation times. In October 2019, Stripe also resigned from participating in the Libra Facebook project (today Diem).

Although Stripe has opted out of Bitcoin payments, so far co-founder John Collison has been very positive about cryptocurrency.

Carney was also quite positive about digital assets, especially those backed by central banks. At the Jackson Hole Symposium in 2019, he predicted that some digital currency of the central bank could replace the US dollar as a global reserve currency.

The open question is whether such a new synthetic hegemonic currency would be better supplied by the public sector, perhaps through a central bank’s digital currency network He said.

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