For the past six years, Mr. Woolmer has served as the CEO of New Change FX, a London based firm offering clients independent FX data and measurement tools. He brings a background in financial services of over 25 years, previously holding positions as Vice President of Foreign Exchange at Citibank and the Director of Currency Products for Prudential.
Mr. Woolmer joins the Nano Foundation as it looks to expand efforts into utilizing Nano in cross-border payments and integrating into foreign exchanges trading markets.
On joining the Nano Foundation, Mr. Woolmer says, “My interest in cryptocurrencies comes from the recognition that the settlement process in foreign exchange trading is inefficient and will eventually be replaced. Nano’s block-lattice structure leads to faster transaction settlements, reduced transaction costs and has the potential to make global markets operate more efficiently. I look forward to working with the Nano Foundation to reach this goal.”