CBDC Leader Announces New CTO

DRAPER, Utah, Dec. 9, 2022 /CNW/ -- On December 1st, 2022, Bitt bolstered its leadership in the global digital currency industry with the proud announcement of Greg Prokter as the company's new Chief Technology Officer (CTO).

Greg Prokter, Chief Technology Officer, Bitt
Greg Prokter, Chief Technology Officer, Bitt

A multilingual and seasoned technology executive, Prokter is the latest addition to the esteemed leadership team which includes experts in economics, digital currencies, and blockchain. He will lead Bitt's global team of engineers and developers to deliver enhanced support for the company's deployments in 12 countries across Africa, Central America, Europe, and the Caribbean.

Bitt's fully interoperable and scalable Digital Currency Management System (DCMS) has positioned the company to secure more CBDC and stablecoin projects across the globe. Building on Bitt's steady growth trajectory is of paramount importance to the new CTO, who said, "I am very proud to join Bitt at this time in the company's and the industry's development. I look forward to leveraging my experience and technology skills to deliver additional solutions to solve complex economic problems and to drive business value and growth."

Greg has been Chief Architect, CTO, and VP of Engineering at several web, networking, blockchain, and payment companies, and financial institutions. Most recently, he held the position of VP of Engineering at Stanford Credit Union, where he led the design and delivery of the credit union's back-end integration with the Google's front-end "Google Plex".

As Principal Architect at PayPal, he designed and delivered PayPal's digital wallet which, during his tenure, served 377 million users in over 200 countries. As Lead Architect at Silicon Valley Bank, Greg designed and delivered the new core banking, fraud-prevention, compliance, and payment systems. While as CTO of PayCertify, he led the design and delivery of the payment platform for the e-commerce merchants that included a payment processing gateway, virtual card issuance, chargeback mitigation, and additional value-added services.

CEO of Bitt, Brian Popelka, remarked, "We are very happy to welcome Greg to Bitt's executive management team. His vast leadership experience, skills, and technical acumen will further develop the scalability and features of our DCMS which will propel the company through the next chapter of our journey."

About Bitt
Bitt is a global financial technology company that provides digital currency solutions to central banks, financial institutions, and ecosystem participants worldwide. Bitt's Digital Currency Management System (DCMS) is the secure infrastructure that monetary authorities need to deploy CBDCs, and for financial institutions to integrate digital currencies into their financial service offerings. Bitt's DCMS has been deployed in 12 countries across Africa, Central America, Europe, and the Caribbean. Bitt is a portfolio company of Medici Ventures, L.P., a blockchain-focused fund. The general partner of that fund is an entity affiliated with Pelion Venture Partners.

About Overstock.com 
Overstock.com, Inc. (NASDAQ:OSTK) is an online retailer and technology company based in Salt Lake City, Utah. Its leading e-commerce website sells a broad range of new home products at low prices, including furniture, décor, area rugs, bedding and bath, home improvement, and more. The online shopping features millions of products that tens of millions of customers visit each month. Overstock regularly posts information about the Company and other related matters on the Newsroom and Investor Relations pages on its website, Overstock.com.

O, Overstock.com, O.com, and Club O are registered trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.

About Pelion
Pelion Venture Partners is an early-stage venture capital firm. Currently investing out of their seventh fund, Pelion invests in Seed and Series A software companies across the United States.

Chris Burnett 
Marketing Manager 
E-mail: pr@bitt.com 
Website: www.bitt.com

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SOURCE Bitt

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