Coinbase is adding some notable technology veterans to its team, it says.
The new faces at the company – former Facebook security director Ryan McGeehan and Todd Edebohls, Amazon's former director of business development & sales – will bring with them extensive experience in the areas of security and business development.
When asked for comment, the San Francisco-based company issued a statement regarding the new team members, which have yet to be formally announced:
The addition of McGeehan is a confidence builder for Coinbase's hosted wallet service.
Antonopoulos came away satisfied with Coinbase's practices, but McGeehan's new role as Director of Security Incident Response will bring to Coinbase more expertise in this area and should further reassure users and investors that the company is doing the right thing.
Along with Coinbase's role as a consumer-friendly wallet, it also provides merchants with bitcoin payment options. The company's payments API is used by a number of companies and organisations alongside normal POS systems.
The hiring of Edebohls as a business development executive should help the company bring new merchants on board and perhaps see its business expand into unchartered terrain.
Verified Coinbase members with a US bank account are able to use ACH transfers to move fiat into bitcoin relatively easily. Furthermore, Coinbase's 'Instant Buy' feature, when used with a US credit card, allows customers to obtain bitcoin immediately.
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