Former JPMorgan Executive Blythe Masters Joins Bitcoin-Related Start-Up

A prominent former executive at JPMorgan Chase has left the world of commodity trading for the virtual world of digital transactions.
Blythe Masters, who until last year was the head of JPMorgan’s giant commodities unit, is joining Digital Asset Holdings, a Bitcoin-related start-up that is looking to use Bitcoin’s underlying technology to streamline financial transactions.
The company, a relative newcomer to the Bitcoin industry, is not a trading platform or an exchange. Rather, it plans to provide software to customers that it says will improve the financial transaction process by making it faster, cheaper and more secure.
“We’re not seeking to disintermediate and destroy the current financial system,” Ms. Masters said in an interview on Wednesday. “We’re seeking to make it stronger, better and safer.”

This post was published at NY Times