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LeisurePay Announces the Addition of Mr. Brandon Siemion to Its Executive Team

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St. Petersburg, Florida–(Newsfile Corp. – August 3, 2022) – LeisurePay today announces the addition of Mr. Brandon M. Siemion as President of Sales & Marketing. Mr. Siemion has held various executive sales positions throughout his career and has demonstrated a proven ability to generate sales and build and manage an effective sales team. Most recently, during his tenure as Executive Vice President at Lumenpulse Lighting, Mr. Siemion helped grow sales revenue for the company to an excess of $100 Million Dollars.



LeisurePay Announcement

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“We are thrilled to add Mr. Siemion to the LeisurePay staff, and we look forward to the experience and leadership he brings to the Company,” stated Chad E. Elie Sr., Founder of LeisurePay.

“I am excited to be a part of LeisurePay and to bring my decades of sales experience to this venture and help them continue their amazing growth,” stated Mr. Siemion. “Their unique solution, I believe, is well positioned and poised for dramatic adoption, and I look forward to being a part of that driving that growth.”

Mr. Siemion will lead the global sales and marketing team. He will be responsible for accelerating revenue growth by expanding the development of new sales channels and developing our sales rep network to sell LPY products and services.

About LeisurePay

LeisurePay is a merchant payment solutions provider powered by the only wholly black-owned bank in America. LeisurePay’s architecture brings blockchain and tokenization solutions to merchants who seek fast, safe, and effective payment solutions. LeisurePay’s decentralized chargeback protocols are poised to revolutionize the systemic problems in today’s chargeback policies. Backed by their token LPY, LeisurePay is dedicated to helping minority-owned merchants access low-cost and no-cost banking and payment solutions.

For more information, visit: www.leisurepay.io
For information about LPY token, visit: www.leisurepay.io/token

Media Contact:

Company name: LeisurePay
Contact Person Name: Leanna Decker
Official Email: [email protected]
City: ST. PETERSBURG
Country: USA
Website: https://www.leisurepay.io/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/132679

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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Blockchain

Financial industry bodies defend permissionless blockchains against Basel Committee’s classification

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Five financial industry bodies have pushed back against the treatment of permissionless blockchains by a global banking supervision authority.

In December, the Basel Committee on Banking Supervision (BCBS) published a report on proposed amendments to bank capital requirements for digital assets, stablecoins, and tokenized assets.

The report classified all permissionless blockchains as high-risk, claiming that some risks could not be mitigated through existing solutions. BCBS was particularly concerned about banks’ lack of control over third parties who conduct most operations on these blockchains. It also warned about their privacy, finality, liquidity, and political, legal, and policy risks.

In response, five global financial industry regulators have defended permissionless blockchains. In a joint response, they stated that the industry “has all necessary expertise and robust compliance frameworks to fully identify, manage and mitigate these risks.”

The five are the International Swaps and Derivatives Association, the Global Financial Markets Association, the Institute of International Finance, the Futures Industry Association, and the Financial Services Forum.

Blockchain’s application in the financial industry is evolving, and regulators must not disincentivize banks from exploring the technology, the regulators stated. By putting up unnecessary hurdles, the BCBS would only push these institutions to the non-regulated shadow banking space, which would be riskier for them.

The regulators further noted that dozens of global banks have conducted successful pilots using permissionless blockchains. These pilots have shed more light on the technology’s application and allowed them to understand and control emergent risks.

The BCBS approach is unfair to blockchain and veers away from the regulator’s long-held “same asset, same risk” approach, they added.

“While we acknowledge that risk mitigation techniques are evolving for permissionless crypto assets…we are confident that solutions already exist in respect of specific use cases,” the five stated.

They believe deciding whether to build on permissionless blockchains should be left to the banks.

The financial sector has been a leader in blockchain adoption, with some, like JPMorgan (NASDAQ: JPM), developing their own permissioned networks, albeit unsuccessfully. However, most have relied on existing solutions to build applications spanning settlement, bond issuance, tokenization, etc.

Source: coingeek.com

The post Financial industry bodies defend permissionless blockchains against Basel Committee’s classification appeared first on HIPTHER Alerts.

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