The Wall Street Bitcoin Alliance (WSBA) has been launched to promote digital currency and Blockchain technology adoption in the financial markets. The news regarding the formation of the advocacy group came when it circulated a press release that says the founders are pleased announce the launch and willing to work towards greater interest of disruptive technology.
The WSBA says, “WSBA, an organization comprised of business and technology executives and leaders within the financial industry, including banks, broker-dealers, institutional investors and hedge funds. The WSBA mission is to guide and promote comprehensive adoption of digital currency and Blockchain technology across financial markets.”
The founders of the advocacy group believe that it will execute on the strategy to expand the reach of virtual currency and Blockchain technology by engaging with regulators, policymakers and technology innovators. They will guide the public dialogue about Bitcoin and Blockchain technology, so that the financial markets can realize the full potential of the same.
The press release from the group says that the formation of the advocacy group is to address the issues Bitcoin is facing despite its potential. Talking to media professionals Ron Quaranta, Executive Director of WSBA said that Bitcoin and Blockchain technology and protocols represent a seismic shift in how financial markets.
This according to him is visible in all aspects of the global economy. He says, “As we work to incorporate and adapt these powerful technological advances to the world of ‘Finance 2.0’, having an organized, strategic approach will aid all participants understand and embrace the Bitcoin ecosystem.”
Helping out Bitcoin and Blockchain Technology Reach to New Popularity
He further says that he believes that the long-term result will be more efficient markets, more cost-effective solutions for equity ownership, investment and trading, and ultimately greater value and wealth creation for all participants in the world of finance and trading. The group will be contributing to bring about changes in the perception of Bitcoin.
With wide experience from the people in the group, it has huge potential to succeed. Apart from Mr. Quaranta, the Executive Committee of WSBA is composed of industry leaders across the legal, brokerage and trading professions.
Some major talents that the group acquired are James Jalil, senior partner and head of the crypto-currency practice at the law firm of Thompson Hine; Gil Luria, MD at Wedbush Securities and Christian Martin, CEO of TeraExchange.
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