Blockchain company, Circle, has lost its head of financial institution partnership, Chuck Kimble, to another blockchain firm known as Celo. Kimble will be working with Celo to promote the production of better financial products for new markets. He would also work with the digital payments company on providing easy access to financial services in places that currently do not have the best services around the globe. This is according to a press release by Celo.
Part of the press release from Rene Reinsberg, the founder of Celo, was as follows:
“Chuck is coming to Celo with a ton of experience in the digital payments and business development industries. His role will basically be encouraging the scaling and development of products worldwide. Chuck is a highly respected member in the financial sector. He knows how these digital payment services can help families that don’t have access to traditional financial services.”
In June 2018, Kimble joined Circle. He was the head of business promotion and development of Circle’s stablecoin, USDC. This stablecoin is pegged to the USD just like Tether USDT. While it has been adopted by many cryptocurrency firms, it hasn’t been able to take the USDT’s place as the dominant stablecoin in the market. It is the second most dominant stablecoin in the market and is the 19th cryptocurrency on CoinMarketCapital’s list of top cryptocurrencies. The Financial Officer at Circle, Naeem Ishaq said that Kimble’s role during the period he worked for Circle was important. In his words:
Tether (USDT) Price Today – USDT / USD
“Chuck became part of Circle to lead our FI partnerships efforts and be a part of many projects we were working on at the time including the promotion of the USDC token. During the short time he spent with us, he was able to promote the adoption of the USDC token across various cross-sections of the cryptocurrency community.”
Chuck Kimble’s Career History
Kimble is one of the veterans in the payment services sector. Before he started working at Circle, he worked at Dashlane for three years. Dashlane is a company that focuses on creating and managing passwords for digital wallets. He also worked at Square for three years. During this time, he oversaw partnerships at visa and was in charge of supervising Square’s teams in Miami, New York, London and Singapore. He was also responsible for business planning, account strategy, coaching, and recruiting.
During the press release, he said that he decided to go to Celo because he saw a lot of opportunities there. In his words:
“I’ve spent most of my career years in the digital payments sector. I see a lot of opportunities for Celo to improve the standard of living of people around the world who are involuntarily not part of the global traditional financial system.
Adding Kimble to the team is one of the many moves Celo is making to solidify its position in the space. In September 2018, the company added Brynly Llyr, the former general counsel at Ripple. The company has also attached major investors including Coinbase Ventures, Andreessen Horowitz, Polychain Capital and Jack Dorsey of Square.
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