Crypto Alliances as Cryptocurrencies Institutionalize
Litecoin Creator Charlie Lee Joins BTCS as New Independent Director!
Former Coinbase Director of Engineering joins as Company’s third independent director
Silver Spring, MD – (Globe Newswire – April 5, 2021) – BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a digital asset and blockchain technology focused company, today announced the appointment of Litecoin creator Charlie Lee to its Board of Directors as its newest independent member.
“We are honored to welcome Charlie Lee to our board,” stated Charles Allen, Chief Executive Officer of BTCS. “A true innovator and visionary in the blockchain space, his decision to join our board is a strong vote of confidence in our multi-faceted strategy. We look forward to working closely together to execute on our vision for long-term success.”
Mr. Lee, a computer scientist best known as the creator of Litecoin, the ninth-ranked cryptocurrency globally with a market capitalization in excess of $13 billion, currently serves as managing director of the Litecoin Foundation.
Previously, Mr. Lee served as the director of engineering at Coinbase from 2013 to 2017 after working at Google from 2007 to 2013. Mr. Lee attended The Massachusetts Institute of Technology where he graduated in 2000 earning both a bachelor’s and master’s degree in Electrical Engineering and Computer Science.
Mr. Lee stated, “I am excited to join the BTCS board as the company embarks on the next phase of its corporate evolution. Building on a track record of pioneering firsts in the industry, BTCS is in a great position to accelerate its growth by capitalizing on emerging opportunities such as “staking-as-a-service” as momentum continues to build more broadly within the blockchain ecosystem as it evolves into its institutional phase.”
If you don't understand, what is happening, let me give you some insight. Cryptocurrencies have been essentially the wild west gold rush for the last ten years. Big business has realised the potential of cryptocurrencies, however, they needed time to establish the strategies for an institutional takeover as the technology was not developed by them. This is history repeating itself. All the large and wealthy investors will try to own majority shares of cryptocurrency hence what it was initially designed to solve will become ineffective. So what do you want to do? Best to buy in now before the access and the profits are gone.