Payments

How Digital Currency Council’s Sarah Martin is professionalizing bitcoin and blockchain technologies

close

Email a Friend

How Digital Currency Council’s Sarah Martin is professionalizing bitcoin and blockchain technologies

Sarah Martin is Vice President of the Digital Currency Council

What is the DCC? What are its objectives?

Sarah Martin, Digital Currency Council
Sarah Martin, Digital Currency Council

The Digital Currency Council (DCC) is the world’s largest bitcoin and blockchain technology trade organization. We’re roughly 2,500 members strong across 100 countries worldwide, and our membership comprises top-level executives from tech, finance, government, law, media, and business services. We’re dedicated to growing the digital currency industry and advancing blockchain technology. We welcome new members with online coursework in bitcoin basics and free educational resources. And we offer a gateway to tap into a network of senior digital currency professionals – entrepreneurs, venture capitalists, technologists, and heads of financial institutions. Our ambition is to provide an online ecosystem to connect people around the world and facilitate linkages for our members to create business or professional opportunities or meet up with one another at conferences and global events.

What are some of the biggest challenges in today’s market facing digital currency and ancillary technologies?

The digital currency industry is going gangbusters right now. It’s a tremendously exciting time to be part of the thrill ride. What can be a little unnerving as excitement, attention, and investment keep hitting the gas is whether we’ll speed up too fast and get pulled over. Regulatory uncertainty has been hanging over our industry for years. As we continue to accelerate, questions about if, how, when, and where bitcoin and blockchain technology will be regulated loom even larger. Regulation is not a new or unique issue for the digital currency industry. But it’s one of the top concerns that our members express when asked what keeps them up at night.

Where are some of the biggest opportunities for incumbent financial service firms with digital currency? What about startups in the space?

Faster payments. Overhauling financial infrastructure may not sound super sexy, but the efficiency and cost savings may be formidable. Several startups* are currently working with large financial institutions to pilot blockchain-based systems to expedite clearing and settlement. We’re also encouraged that the UK, US, and Canadian governments have all expressed interest in exploring distributed ledger-based systems to modernize their payments infrastructure. We’re focused on fostering these types of collaboration – between startups and financial institutions or startups and government systems – and we’ve been thrilled by the number of partnerships in the last year.

*I’m afraid I can’t outwardly endorse any here.

What are your plans for 2016? What should we keep our eyes out for?

The DCC just had its first birthday and we’re astounded by the growth in just one year. It really speaks to the spirit behind the digital currency industry and outlook of our members for blockchain technology. We didn’t anticipate the sudden surge in support for blockchain technology during this past year. But, we’re excited to share in that enthusiasm, and our objective is to accelerate that upward trajectory. Right now, we’re focused on expanding our international membership. Bitcoin is a global phenomenon, and we’re building new alliances with partner organizations worldwide to support our members overseas and provide them with resources and access to opportunities.

Photo credit: Dean Hochman via Visualhunt.com / CC BY

0 comments on “How Digital Currency Council’s Sarah Martin is professionalizing bitcoin and blockchain technologies”

Member Exclusive, Payments

Cheat Sheet: What it means when the Federal Reserve goes down

  • The Federal Reserve payments system went down yesterday for a few hours.
  • The outage impacted ACH payments, interbank transfers, and payroll.
Zoe Murphy | February 25, 2021
Payments

‘Making the browser and a superior wallet work better, together’: Opera’s Krystian Kolondra

  • The browser Opera has 380 million users globally and 50 million in Europe.
  • The firm is integrating payments and cashback into the browser and has broad fintech ambitions.
Zachary Miller | February 24, 2021
Payments

Behind Shopify’s move to embed payments on Facebook and Instagram

  • Shopify landed a partnership with Facebook to expand seller checkout through Shop Pay on Facebook and Instagram.
  • According to Shopify, 28 percent of young online shoppers made purchases through social media.
Rimal Farrukh | February 16, 2021
Payments, Podcasts

‘Tech is global but local payments determine who’s a winner or loser’: PPRO’s Simon Black

  • PPRO is freshly off a $180 million investment round.
  • The local payments firm's CEO joins us on the Tearsheet Podcast.
Zachary Miller | February 15, 2021
Payments, Podcasts

Behind Klarna’s massive growth in the US with David Sykes

  • Klarna hit 15 million users in the U.S., more than doubling over a year ago.
  • And now, with a Super Bowl ad, the firm has set its sights even higher.
Zachary Miller | February 04, 2021
More Articles