Former Bank of England Governor Mark Carney has joined the board of directors of Stripe, a digital payments company based in the US Carney left the regulatory roost last year after opening the door to central bank innovation in digital currencies.
" The naturEven commerce has changed over the past decade, "Carney said in a press release . "I look forward to supporting Stripe over the next few years as they build the global infrastructure that enables the internet to become the engine of strong and inclusive economic growth.
Following the announcement of the Facebook-led libra stablecoin initiative, since renamed Diem, Carney in 2019 called on world leaders to study digital replacements for more money. He noted that the United States dollar hegemony was waning , but did not entirely rule out the idea of private currency swaps.
"This is an open question from hersee if such a new Synthetic Hegemonic Currency (SHC) would be better provided by the public sector, perhaps through a network of central bank digital currencies, ”Carney told the Economic Policy Symposium in Jackson Hole, Wyoming, at the time.
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He added that a private 'synthetic currency' might be a better alternative to another fiat currency, like the yuan or the pound , replacing the US dollar. " Although the CBDC (digital currency central bank) presents a number of op opportunities, it could pose major challenges for the maintenance of monetary and financial stability ", he said before leaving office.
Stripe has an interesting, albeit mixed, relationship with crypto coins. After three years of offer bitcoin , the company ditched cryptocurrency as a payment option in 2018 . The payment processor recently started offering checking accounts and other banking services for cbusiness customers, and has supported a startup looking to compete with stablecoins .
Stripe, a private company, was recently valued at $ 115 billion on the secondary market, according to Forbes.