James Wester Is the New Director of Crypto at Javelin Strategy

Javelin Strategy & Research has brought James Wester onboard as its new director of cryptocurrency.

Javelin Strategy & Research Adds James Wester to Its Team

The move is a testament to how popular crypto remains despite the onslaught of prices. Bitcoin, for example, is the world’s number one digital currency by market cap. In recent months, the asset has lost more than 70 percent of its value, having dropped from a new all-time high of about $68,000 per unit in November of last year to roughly $21K at the time of writing.

The entire industry has suffered. At one point, the crypto arena had a valuation of about $3 trillion. Now, it is simply valued at only $1 trillion. Still, this hasn’t stopped the crypto world from garnering love or attention. More companies are seeking ways to incorporate the technology behind digital currencies into their methods of operation, and Javelin Strategy & Research is no exception. Wester will be at the head of its new cryptocurrency division and will work with clients to navigate the space and provide insight and advice whenever needed.

The company recently merged with Mercator Advisory Group, which is why it has become more financially focused in recent months. In an interview, Jacob Jegher – president of Javelin Strategy & Research – explained that he feels digital currency will likely rule the monetary future, and it’s constantly sought after by the team’s growing list of clients. He stated:

Cryptocurrencies, digital assets, and web3 are top of mind for our clients, and Javelin is well positioned to help them play a meaningful and strategic role in this space. James is a seasoned professional with deep expertise in payments and cryptocurrency. We are confident that he is a perfect fit to lead our new practice.

Wester also threw his two cents into the mix and expressed his excitement about not only joining the company, but about where he thinks the space will be going. He mentioned:

This is a pivotal time for cryptocurrencies and digital assets. There are many unanswered questions about the technology and fitness of the technology for financial use cases such as payments, wealth management, and insurance. Financial institutions and technology providers need data-driven insight, objectives, and sound counsel to develop winning products and services.

Working with the World’s Leading Financial Authorities

Wester has more than two decades of experience in marketing, research, and communications in payments and technology under his belt. He previously worked at PayPal supporting the company’s growing blockchain division. Before that, he was a research director with IDC Financial Insights’ worldwide blockchain and payment strategies practices. He has a master’s degree in management information technology from the University of Virginia and a bachelor’s degree in Communication and English from Drury University.

Javelin Strategy provides financial insight to institutions around the world including credit unions, brokerages, and insurers.

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