The Bitcoin Association Appoints Gregory Simon of Ribbit.me as the New President

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The Bitcoin Association Appoints Gregory Simon of Ribbit.me as the New President

Gregory Simon, Ribbit.me Co-Founder and Chief Financial Officer, has been appointed as the new president of the Bitcoin Association. In an announcement the association says that Simon, one of the founding members of the organization and succeeds Bruce Fenton, who has recently accepted the position of Executive Director of the Bitcoin Foundation.

The not-for-profit group, the Bitcoin Association focuses on increasing adoption of Bitcoin and related technologies through education and engagement with citizens, media and regulators. The latest appointment of Gregory Simon is expected to help it further the reach among the people as he comes with a lot of industry experience.

The Bitcoin Association says that it believes Bitcoin technology may be transformative and disruptive with potential to help create jobs, drive positive economic growth, lift the poor from poverty and propel developed economies. Therefore, it aims to bring the people who have proven track record of performing at their jobs and Gregory Simon is one such guy.

After Gregory Simon came to know about the appointment as the president of the association, said that he strongly believes in the potential for Bitcoin and Blockchain distributed ledger technology to bring greater transparency and fairness to the society beyond just currency and financial markets.

Nonetheless, as Gregory Simon comes with diverse experience wherein he worked as an international investment banker and then Blockchain technology entrepreneur, the organization expects that he will fit into the job well. This Columbia Business School MBA graduate created RibbitRewards at Ribbit.me.

Fenton Will still be in the Advisory Board

RibbitRewards are the world’s first rewards program based on Blockchain technology and with its own marketplace. Whereas Simon is joining the Bitcoin Association, Fenton promises that he won’t leave the organization. He says Simon’s passion for the technology and leadership skills will result in continuing our efforts to build a strong organization and increasing membership.

The Bitcoin Association informs that Fenton will remain with the organization as a member of the advisory board. Even Fenton admitted that he is happy to help Greg and the team on an ongoing basis personally or in his new role at the Bitcoin Foundation.

Regarding his goals as Bitcoin Association President, Simon says that in the coming months he will be leading an exploratory effort to reach out to the community as well as other existing advocacy organizations.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com