Oz exchange bitcoin.com.au hires ex PWC director

July 12, 2018
Chris Wheal

The new boss of Australian crypto exchange bitcoin.com.au is ex PricewaterhouseCoopers exec Ben Ingram. Ingram departed PWC in the spring where he was director of digital strategy at the accounting giant. 

Business Insider claims that Ingram will be part-deployed to look at crypto products linked to superannuation. 

Ex PWC exec Ben Ingram beefs up bitcoin.com.au’s offering with a likely widening of transaction options

“Rather than a full exchange, the company offers more of a gateway service,” Ingram told Business Insider. “It provides people one of the easiest ways to get into bitcoin — and importantly, get back out of bitcoin. That includes same-day settlement, so cash back into your account as at the date of the transaction.”

Though bitcoin.com.au only offers transaction facilities for bitcoin and ethereum it’s likely, Ingram added, that the menu will widen. Ingram also indicated that crypto investment funds may emerge in time which could hedge risk “against poorly managed central bank currencies”.

“We know this tech doesn’t have a dead-end. While the evolutionary path hasn’t been fully determined, I think there’s enough evidence that there is a path,” he told the Australian business publication.

Tony Richards, head of payments policy at the Reserve Bank of Australia, recently warned that while Bitcoin was a fascinating development, the risks were considerable.

Tony Richards

“Even if one is quite sceptical of whether bitcoin will have a significant role in the economy in the future, I think it is hard to avoid some admiration for its design,” Richards – he acknowledged personally owning some Bitcoin – told the Sydney Morning Herald.  

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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