Global Finance Association BAFT Aims to Drive Bitcoin Awareness

BAFT, a global financial services association, is set to drive bitcoin and blockchain awareness with the launch of a new FinTech scheme.

AccessTimeIconSep 18, 2015 at 9:09 a.m. UTC
Updated Sep 11, 2021 at 11:52 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Global financial services association BAFT is set to drive bitcoin and blockchain awareness with the launch of its new FinTech scheme.

The association, which deals with a wide range of topics affecting transaction banking, launched the initiative in an attempt to draw attention to the various innovative technologies that are currently transforming services such as cross-border payments and trade finance.

Tod Burwell, BAFT president and CEO, said:

"Emerging technologies such as blockchain technology, distributed ledgers and virtual currencies are redefining how supply chains operate and payments are executed. Our members understand the critical impact this will have on our industry and have made it a top priority."

With the launch, the association will also attempt to serve as a vehicle for addressing regulatory issues for both banks and FinTech companies and will attempt to engage more of the latter as members.

Additionally, BAFT will create a FinTech and Innovation Council to guide its efforts around emerging technology and payments and drive execution.

Among other tasks, the council will be responsible for building on the association's seven-part webinar series on blockchain technology, which launched on 15th September.

The association will also hire a senior vice president of payments and innovation.

Bitcoin image via Shutterstock.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.