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paypal chief compliance officer (CCO) Jean-Baptiste Graftieaux has revealed that he has left his current position at the global payments giant to join one of the largest bitcoin exchanges by USD trading volume, Bitstamp.
Graftieaux served as a director and CCO of paypal’s Europe, Middle East and Africa (EMEA) division for more than five years, starting in January 2009. Prior to joining paypal, Graftieaux was also a CCO at online ticket marketplace StubHub. Today was Graftieaux's final day at paypal.
Speaking to CoinDesk, Graftieaux framed his latest endeavor as one that allows him to pursue his fascination with the bitcoin ecosystem as a full-time career.
“I have been attracted by the culture of Bitstamp and also by its people. The Bitstamp employees that I have met are committed, optimistic and passionate and we share the same passion for the bitcoin ecosystem.”
He further reported that he is a bitcoin user, and that he has been following the ecosystem for a few years.
Bitstamp is one of the more well-funded bitcoin exchanges internationally, garnering a $10m investment from Pantera Capital in 2013, though it has seen its position in the global USD trading market slip in recent weeks amid increased volumes on rival China-based exchanges.