Former BoE Governor Mark Carney Joins Stripe Board of Directors

Mark Carney, one of the most prominent central bankers of the post-financial crisis era, has officially joined the board of directors at Stripe, an online payments company committed to building new commerce solutions for the internet.

February 22, 2021 | AtoZ Markets – Mark Carney, who headed the central banks of Canada (BoC) and bank of England (BoE) from 2008 to 2020, became a member of the board of directors of the Stripe processing service.

Mark Carney Joins Stripe Board

As Governor of the Bank of England, Carney initiated consideration of the launch of a national digital currency. Previously, he advocated the creation of a means of payment similar to Libra (from December 2020 - Diem), capable of replacing the US dollar as a reserve currency.

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“The nature of world trade has changed over the past decade. Stripe has been and remains at the forefront of the new digital economy. I will be happy to take part in the construction of a global infrastructure that will allow the Internet to become a driver of economic growth,” the ex-official commented on his appointment.

Stripe is counting on Carney's expertise in financial services and central banking. The payment company operates in several jurisdictions and cooperates with dozens of banks.

Recall that at the beginning of 2018, Stripe abandoned support for bitcoin due to strong price fluctuations and significant time costs.

Later, the president of the company, John Collison, did not rule out the return of support for the first cryptocurrency in the future.

At the end of 2019, Stripe and other companies pulled out of Facebook's Diem (formerly Libra) project.

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