Well-known Bitcoin futures exchange Bakkt, has employed PayPal and Google veteran, Mike Blandina, as its new Chief Product Officer. Ex-Paypal and Google vet recruited by Bitcoin Futures exchange Bakkt.

 

The company announced last week that it had employed Mike Blandina. Mr. Blandina, at different phases in his vocation, was head of payments. Also, credit engineer at PayPal and director of engineering for Google Wallet. Bakkt CEO Kelly Loeffler wrote in a blog entry that most recently Blandina served as Chief technology officer and head of product and engineering at OneMarket:

“As our CPO, Mike will lead our efforts to converge a trusted ecosystem for digital assets with payments use cases, two elements of Bakkt that help bring real-world applications to bitcoin and other cryptocurrencies,”  

 

With regards to the firm itself, Loeffler compared the development of the company to a long distance race. She stated that Bakkt remains in limbo while waiting for regulatory clearance to launch.

 

She wrote that as a previous long-distance marathon runner, this point in time reviews the phase in the training routine when you’re running long distances with your peers.

 

Even after numerous delays, Bakkt still has no official release date. Loeffler did, however, allude that the trade may give greater in-depth clarity soon, in her phrase of “race day is approaching”.

 

“There is more work to be done,” she said. “I’m proud to be going the distance with this growing team and of the culture we are building while bringing digital assets into the mainstream economy.”

In order to list its bitcoin futures contract, Bakkt is awaiting approval from the U.S. Commodity Futures Trading Commission (CFTC). A reason for the delay may be that the company has proposed to warehouse its own bitcoin.

Loeffler appeared to be resolute in her post:

“We are mindful that the infrastructure we are building has the potential to create more opportunities for digital assets. Also, to grow in relevance and trust — by being more secure, investible and useful.”

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