Toronto-based BitGold has ankled Darrell MacMullin as Senior Vice President and Chief Operating Officer. Darrell was previously the Managing Director and Head of PayPal Canada.
Bitgold is a platform for savings and payments in gold.
Post-closing of the previously announced acquisition of GoldMoney.com, BitGold Inc will be renamed GoldMoney Group Inc and will become parent company of the BitGold payment and savings platform.
Post-reorganization Darrell will become the CEO of BitGold, focusing on the growth of an end-to-end international payment platform using gold for real-time settlement of cross-border and cross-currency e-commerce.
Darrell MacMullin has driven successful new payment and commerce innovations for the past 15 years, including the launch and leadership of PayPal during its first eight years in Canada. He has worked closely both as an advisor and investor with entrepreneurs, developers and industry partners to accelerate the growth of new FinTech payments and commerce experiences.
Darrell provided thought leadership and innovation expertise for the convergence of online, mobile and offline into one commercial stream with government, banks and new FinTech companies. Prior to PayPal Darrell was part of the successful launches and rapid growth of eBay and Chapters Indigo online into leading commerce players.
Darrell has been granted options to acquire 550,000 common shares of BitGold for a period of five years with an exercise price of $4.65 per share.
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