Mayor Appointed Director of Government Relations and Business Development

Mayor Ally Medina

Emeryville Mayor Ally Medina joins leading crypto-backed lending and borrowing platform

We are thrilled to announce that Ally Medina has joined Cred to lead the company’s strategic government relations and business development initiatives.

Medina currently serves as the Mayor of Emeryville and Executive Director of the Blockchain Advocacy Coalition, an organization dedicated to educating legislators and regulators on blockchain technology. Medina has been a driving force in supporting Assemblyman Ting’s AB 953 bill to define stablecoin standards for use with California state tax collection and to eliminate the need for cash transactions. Mayor Ally Medina also formerly served as the Executive Director of the San Francisco Democratic Party.

Mayor Ally Medina will continue her responsibilities as a city council member on a part-time basis as she takes on her new instrumental role at Cred. Medina will work with the city, state, and national governments to design legislation and ordinances that enable efficient tax collection, merchant lending solutions, and an assortment of blockchain financial services designed to increase economic empowerment and financial productivity.

“Ally is a mover and shaker. Her impactful work at the city, state, and national level to help author blockchain legislation that supports economic empowerment and equitable financial solutions is a unique match with Cred’s mission to provide fair, inclusive financial services to the world through blockchain technology,” said Dan Schatt, Co-Founder and CEO of Cred. “We are thrilled to have Ally lead Cred’s business development initiatives designed to offer cash-intensive merchants and city tax collectors new financial operating systems designed to eradicate cash and make their money work smarter and harder. “

“I am thrilled to join Cred, a company full of financial technology veterans with a track record of bringing significant and practical innovations to market for the public good,” said Mayor Medina. “Their clear mission of leveraging blockchain technology to make money work harder and smarter resonates strongly with me as does their leadership in forging strong partnerships with government and private sector participants.”

Mayor Ally Medina’s appointment follows demonstrated company performance, with Cred becoming one of the most trusted names in crypto lending and borrowing. Within the past year, the Bay Area-based company has vaulted to the top of its peer group and is considered a leading provider of crypto financial services. Cred has undertaken key licensing, insurance and regulatory work, and Cred services customers in 183 countries. The company is a founding member of the Universal Protocol Alliance, which aims to create interoperability among digital assets and foster a new level of a transparent reserve management infrastructure to support the next billion users of crypto assets.

ABOUT CRED

Cred is a global lending and borrowing platform that facilitates open access to credit anywhere and anytime. Founded by former PayPal financial technology veterans, Cred is headquartered in the San Francisco Bay Area. Cred’s mission is to harness the power of blockchain to allow everyone to benefit from superior financial services. Cred brings together a diverse team of entrepreneurial leaders, machine learning, and the power of blockchain technology. For more information, visit mycred.io.

Disclaimer: CredEarn is the trade name for a service offered to non-US persons by Cred LLC, which is an entity distinct and separate from Cred (US) LLC. CredEarn allows you to extend a loan to Cred LLC. The purpose of the loan is to allow you to earn an enhanced yield on your crypto assets, such as Bitcoin. Cred LLC is not a bank and CredEarn services are not insured by the FDIC. CredBorrow and C-LOC™ are trade names for lending products of Cred (US) LLC, a licensed lender and a wholly-owned subsidiary of Cred LLC. Loans, loan amounts, terms, and rates are not available in every jurisdiction, or for every collateral type. The availability of rates, crypto types, loan amounts, and other terms are subject to change. Loan applicants are subject to AML and KYC screening. Terms, conditions, and restrictions apply. Loans made or arranged pursuant to California Finance Lenders Law License 60DBO - 91480.