Former Mastercard Executive Joins CULedger Consortium as CEO
CULedger, a consortium of credit unions developing distributed ledger technology systems, has announced the appointment of a new CEO.
CULedger, a consortium of credit unions developing distributed ledger technology (DLT) systems, has announced the appointment of a new chief executive officer.
Ainsworth said in the statement that the majority of his financial services career has been involved with helping credit unions meet the needs of its members.
Predicting more change in the next 10 years than we've seen in the past 50 years, Ainsworth further stated:
will give the credit union industry a competitive edge in the growing financial services sector, he continued, adding: "Credit unions will be able to implement the technology and utilize the current and future applications that run on it."
late last summer, CULedger is backed by over 50 U.S. credit unions that work together to utilize blockchain technology in a bid to improve the functioning of their industry.
Earlier this August, the consortium launched CUSO, a blockchain services business, owned by a group of federally chartered credit unions that offers payment card processing, business loans, among others.
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