BlockFi, a financial services company dedicated to building a bridge between cryptocurrencies and traditional financial and wealth management products, announced that Shannon Allmon has joined the company as General Manager of Retail. Mr. Allmon will be responsible for developing and executing programs, services, and products crafted for the needs of BlockFi’s crypto investors as well as paving the way for new consumers to enter the crypto asset class.
Mr. Allmon joins BlockFi with over 20 years of financial services experience, most recently from PayPal, where he served as Senior Director of Product Development. While working at PayPal, he was accountable for global consumer lending and credit products. He led international launches and product management for PayPal Credit, PayPal’s Buy-Now-Pay-Later products, and the Venmo Credit Card. He also built the global SMB lending platform for PayPal Working Capital. Prior to his role at PayPal, Mr. Allmon successfully launched and managed multiple financial services products for Fannie Mae and Capital One.
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“We’re honored to have Shannon join BlockFi during an exciting time of growth for our company as we continue to expand into new markets and launch innovative products that fulfill the needs of our customers,” said Zac Prince, Founder and CEO of BlockFi. “His proven leadership and expertise will allow us to continue our expansion of services as consumers look to gain exposure to digital assets. Shannon’s ability to build, manage, and scale multiple product launches makes him a natural addition to the retail team.”
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“I’m thrilled to join BlockFi as the broader digital asset sector continues to grow and cement itself as part of the payments and finance ecosystem,” added Mr. Allmon. “The opportunity to leverage my extensive experience in both traditional and progressive financial services with the dynamic and evolving field of cryptocurrency excites me as I begin my tenure at BlockFi.”
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