Blockchain Trade group collaborated with Card Operator Discover
The organization announced that joining the Chamber’s executive committee as a full member, the company that operates the Discover Card will be ‘joining the Chamber’s efforts to educate, promote and accelerate the adoption of blockchain technologies worldwide.’
The press release says:
“Discover’s payment rails operate in more than 185 different countries, making it one of the “largest card issuers in the United States.”
Perianne Boring, president of the Chamber, said her organization was “excited” to welcome the new member.
“It is really a sign of the maturation of the blockchain industry, in that one of the largest companies is getting involved, and I think it’s a positive sign.”
She also told that Discover and the Chamber have already worked together before on a code-a-thon. The payments firm ‘began increasing their interest and their operations in the blockchain space, so it was kind of an organic relationship that formed.’
Discover will be working with industry and government to promote the space and which is at present something of a legal gray area as a fully-fledged member of the group’s executive committee.
“The biggest policy issue that the blockchain technology ecosystem is facing today is regulatory uncertainty. With the plethora of regulators from the [U.S. Securities, and Exchange Commission] to the [Commodity Futures Trading Commission] to [the Office of Foreign Assets Control], all of these regulatory bodies are taking their approach to the industry and there’s no central point of contact. No one knows who has jurisdiction over what.”
She also said in order to combine the issues, will be creating their own rules which would be building a patchwork system around the U.S.
“Discover’s membership of the Chamber will help strengthen our community. It’s really telling that you have a regulated financial institution getting involved in such a public way.”