The former chief executive of Visa UK and Ireland, Marc O’Brien, is set to be taking on the role of chief executive for the first mobile cryptocurrency bank in the world.
In 2014, O’Brien left his post at Visa. He will be leading Crypterium, a crypto start-up which is a mobile service that is aiming to simplify transactions that involve cryptocurrencies as many people are still struggling to grasp the concept of blockchain technology.
Through the said service, users are given digital debit cards that are bound to various cryptocurrency accounts which can then be linked to Samsung Pay, Android Pay, and Apple Pay. The said cards can then be used at any of the numerous contactless payment terminals.
O’Brien stated: “I am delighted to be joining Crypterium at such an exciting time. I strongly believe that cryptocurrency is about to go mainstream and we can be pioneers to build Crypterium into a terrific business.”
In between his tenure at Visa and his appointment as the chief executive for Crypterium, O’Brien worked as an advisor at Revolut, the app-based fintech bank, where he closely worked with the two founders Vlad Yatsenko and Nikolay Storonsky.
The chief operating officer of Crypterium, Austin Kimm, stated: “We are genuinely very excited by Marc’s appointment. He brings the experience and know-how to build a global banking solution that will have no peers.”
The crypto bank was originally established in Estonia last year. However, Crypterium now has offices that are located in Moscow and London. It has plans to open some new offices in Singapore, Miami, and New York.
By the end of last year, the company had managed to raise nearly $52m (£38.6m) through an initial coin offering (ICO).