Bitreserve, a bitcoin startup based in LA, has just hired Anthony Watson, the former CIO of NIke who left the sportswear giant in April of last year. His belief in the broader vision for bitcoin beyond digital currencies motivated the move.

Bitreserve was founded just a few months ago and transfers bitcoin deposits into other currencies and also transmits funds to anywhere in the world for a nominal fee. The founder of the startup, Halsey Minor, was the founder of CNET and a co-founder of Salesforce.

Watson- a rising executive in a Fortune 500 company- leaving to join Bitreserve symbolizes the world class talent joining startups that look to build long term businesses and change the global financial system.