Matt Huang, co-founder and managing partner of the crypto-centric investment firm Paradigm, has joined the board of directors for the payment startup Stripe.
Stripe intends to leverage Huang’s expertise to further guide the firm’s crypto strategy. “Very few people know more about crypto — and, specifically, its potential to help internet businesses around the world — than Matt,” said Patrick Collison, co-founder and CEO of Stripe, in a blog post. “We’re delighted he’s joining our board of directors.”
“I’m excited to see them invest more energy into crypto/Web3,” wrote Huang on Twitter regarding his new board of directors position at Stripe.
Huang’s new board position also comes three weeks after Stripe revealed its plan to hire four crypto-focused engineers who will influence Stripe’s user interface, backend operations, payments processing and more.
Paradigm has recently invested in companies focused on DeFi lending and NFT music streaming, as well as bitcoin mining.