Bitcoin start-up nabs Goldman board member

michelleburnscircle28 Dec 2013 – CNN FORTUNE — The Bitcoin economy just got another vote of confidence.

M. Michele Burns, a finance industry veteran who sits on the board of Goldman Sachs is joining the board of Circle Internet Financial, a Boston start-up that is building a payment processing system for Bitcoin.

Circle launched earlier this year, and was founded by Jeremy Allaire, who has led other Internet start-ups, but recently has become a Bitcoin evangelist. The company got $9 million in funding from a number of venture capitalist firms. Jim Breyer, a partner at Accel and an early backer of Facebook (FB), is also on Circle’s board, as is Raj Date, who recently left a top post at the Consumer Financial Protection Bureau.

MORE: Overstock CEO: I don’t own Bitcoin, but I am a fan

Circle declined to comment about Burns. Two sources with knowledge of her move confirmed it.

Burns’s move is another sign that Bitcoins are starting to gain some following among established financial players. She is the former CEO of human resources consulting firm Mercer. Along with Goldman (GS) , she is also on the board of Cisco Systems (CSCO) and the Elton John Aids foundation. She is also a former board member of Wal-Mart (WMT)…… Read more

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