I am excited to announce that, effective today, I am assuming the positions of Chairman of The Board of Directors and Chief Visionary of Bitreserve, where I shall focus on Bitreserve’s initiatives to utilise innovation and technology to address global financial inclusion and equality. Upon assuming these two new roles, it’s my great honor to announce Anthony Watson as Chief Executive Officer and new member of the Board.
These new changes will allow me to devolve the day-to-day operational leadership and management responsibilities of Bitreserve to Anthony so I can fully concentrate on our long-term vision, product innovation and roadmaps. In addition, I will also focus my attention to how our technology is addressing underserved communities around the globe. Addressing the unfairness of the legacy financial system was a core motivation for starting Bitreserve, and focusing on this in a meaningful way is both a great responsibility and tremendous privilege.
As President and Chief Executive Officer, Anthony Watson will report to the Board of Bitreserve. He understands better than anyone the importance of fair, transparent financial services that innovative technology can enable. His entrepreneurial and technology-centric impact on the business and finance communities spans the world, and his expertise and leadership will be essential to our future growth. I have the utmost confidence in handing over the reins as we enter our next critical stage of growth.
At the Board level, I’m also pleased to announce Adrian Steckel (most recently CEO of the Mexican mobile phone company IUSACELL, recently sold to AT&T for $2.5 billion) was appointed May 20, 2015 as the Non-executive Director for our Series B fundraise. Adrian brings a degree of mobile industry and general entrepreneurial expertise that will add enormous value as Bitreserve begins to enable mobile money with cell phone partners all over the world, starting in this second half of 2015.
In addition to Adrian, I’m also excited to announce that today, Jim Milby has been appointed as the first Independent, Non-executive Director of our Board and Chair of the Board Audit Committee. Jim has deep and extensive retail and international banking experience. Most recently serving as the Managing Director & Global Operations Officer of Barclays Bank PLC, until his retirement in 2014. Before joining Barclays Bank PLC in 2006, Jim held a number of successive senior roles at CitiGroup, spanning a 24-year career at the bank. Jim currently serves as Chairman of The Board of Directors of InvestUP, a London-based crowdfunding aggregator and is a formal advisor to the International Finance Corporation, the private sector investment bank of the World Bank, based in Washington, DC.
“I want to thank the Board of Directors, and most importantly Halsey for their faith and belief in me at such a pivotal time in our company’s journey. The incredible potential of this company to disrupt, in a highly positive way, financial services globally and create a fair and transparent experience for all members of our society — not just for those at the very top — is the most exciting endeavor of my career,” says Anthony. “I am profoundly committed to the Bitreserve mission and am thrilled to work with such brilliant and talented people to build and drive our worldwide growth. Our extraordinary success is clearly within our reach and I am eager to lead us there while staying true to our vision and our core belief of inclusion for all.”.
Bitreserve’s Bright Future
On June 11 we announced to the world that we are the first company in history to offer its members the ability to transfer and convert the major currencies of the world instantly, safely and for free. Forever. And on June 16, we launched Bitreserve Connect, the home for our API, developer community and app directory, that now makes it quick and easy for partners to integrate Bitreserve functionality into their financial services apps. We are paving the way for consumers around the world to experience the benefits of cloud money.
Since our launch in November 2014, Bitreserve’s cloud money service has accomplished some incredible feats: gained over 16,300 active members in 153 countries, grown our reserve at an exponential rate of over 108% per month, month over month, powered over $16.5 million in cloud money transactions across nine currencies and four precious metals, and raised a $10M round of funding using US- and UK-based crowdfunding platforms. From the day I founded this company I made a pledge to recruit the very best, most talented leaders. I am excited to have a team in place to drive Bitreserve’s dynamic global growth plans as we prepare for some exciting company and product launches in the coming months, starting mid summer!
To learn more about our growth to date and recent achievements, please see our 1H Investor Communication.