Leading cryptocurrency exchange bitcoin.com.au has appointed a new CEO, Ben Ingram, formerly a digital strategy director at accountancy company PricewaterhouseCoopers (PwC).
Ingram, who left PwC in March, joins Rob Jesudason, former finance chief at Commonwealth Bank of Australia, in the world of cryptocurrency. Jesudason left his prior position in May to take over running Block.one, a Hong Kong crypto company.
In his new position, Ingram will be working on the exchange function of bitcoin.com.au and will also be developing future cryptocurrency-based financial instruments such as superannuation. The company is a popular place to exchange fiat into bitcoin and back again.
Ingram said,
“Rather than a full exchange, the company offers more of a gateway service. It provides people one of the easiest ways to get into bitcoin — and importantly, get back out of bitcoin. That includes same-day settlement, so cash back into your account as at the date of the transaction.”
In his new position, Ingram will be working on the exchange function of bitcoin.com.au and will also be developing future cryptocurrency-based financial instruments such as superannuation. The company is a popular place to exchange fiat into bitcoin and back again.
Ingram specifically mentioned instituting crypto investment products into areas like superannuation, which is a company-created organizational pension plan for employees. He also noted that the emergence of crypto-focused funds could “perhaps [be] a hedge against poorly managed central bank currencies.”
At present, bitcoin.com.au only operates services in the two largest-cap cryptocurrencies, bitcoin and ethereum. However, Ingram said that they are considering expanding to include exchange services for other popular cryptocurrencies.
In his new position, Ingram will be working on the exchange function of bitcoin.com.au and will also be developing future cryptocurrency-based financial instruments such as superannuation. The company is a popular place to exchange fiat into bitcoin and back again.
Furthermore, Ingram explained that auditing cryptocurrencies is an easy task, owing to the transparency provided by blockchain technology. He said,
“We’re in the early-stage development of a new protocol. I think the core premise of distributed ledger technology (DLT) has very obvious widespread appeal. Even if the tech capabilities at present aren’t capable, I think humans will prevail,”
Australia, which ended the practice of double taxation of cryptocurrencies in July 2017, is considered by some to be a growing cryptocurrency hub. The government recently signed a $740 million deal with IBM to use blockchain and other new technologies to improve data security.
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