Patrick Murck, executive director of the Bitcoin Foundation, has joined the board of advisors of BTCJam – a bitcoin-powered peer-to-peer lending network.

Celso Pitta, BTCJam's CEO, said: "Patrick's legal expertise and bitcoin knowledge are absolutely essential to our mission of expanding access to fairly priced credit everywhere".

Murck, who took over as executive director of the foundation following Jon Matonis' resignation last October, has "an impressive legal background" and was recently named one of America's Top 50 Outstanding General Counsels by the National Law Journal.

He said:

He continued: "This ability to extend credit even in countries that lack a credit-scoring system will be critical to bringing modern financial services to new and often overlooked markets".