Post Poloniex, Circle hires Ex-Square Exec as new CFO

Post Poloniex, Circle hires Ex-Square Exec as new CFO

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Open payment services Circle announced that it has hired the former head of the Square, Boxed and Salesforce Naeem Ishaq as the new Finance Director, Treasury &  EVP of Risk in the blog, published on March 26.

Ishaq, whose CEO of Circle Jeremy Allaire describes as “noteworthy and of great importance for the Circle”, joins the company just a month after the deal to $ 400 million saw that she buy large currency tag Poloniex.

“Naeem, joining the Circle, comes to replace our enterprise, considering the recent acquisition of Poloniex recently submitted to the app Circle Invest, and continued global expansion and growth of Pay for Circle and Circle Trade” – continued Allaire.

Circle previously applied a more flexible approach to cryptocurrency, stopping the support of its wallet and exchange in December 2016.

It seems that the acquisition Poloniex caused a surge in Circle announces the presence of the exchange will be strengthened by expanding into the Asian markets.

The new app Circle Invest companies offering access to crypto assets, beginning to live in 46 US states in the beginning of this month.

Previous experience Ishaq is also notable, as his former employer, the payment service Square, it also became increasingly optimistic about cryptocurrency through Bitcoin integration this year.

“At this crucial juncture we become from startups to leading global companies, as well as cryptocurrency from the early adoption of novelty is fundamental to the future of society and the economy,” added Allaire with subtle praise for the progress of cryptocurrency.

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