Ethereum Co-Founder to Leave Decentral CEO Chair

Anthony Di Iorio will remain the chairman of the board of directors of the company which cut the half of its staff
04 September 2019   859

The crypto industry veteran and billionaire Anthony Di Iorio left the post of head of Decentral, one of the main products of which is the popular multi-currency wallet Jaxx. It is reported by CoinDesk.

Di Iorio will continue to address key financial issues, remaining the chairman of the board of directors of the company. However, the new CEO will be Maggie Xu, who previously held the position of product manager for Decentral.

According to Di Iorio, in 2018 the number of crypto-wallet users reached 1 million. Also, thanks to integration with the ShapeShift platform, Jaxx users carried out exchange operations worth more than $ 2 billion a month.

Then the company planned to enter into a partnership with many service providers, landing companies and exchanges. However, these plans were hindered by the bear market, which reduced the commission income from exchange operations through ShapeShift, which were the company's main source of income. Decentral had to cut nearly half the staff, leaving only 14 employees.

To date, the situation has improved slightly and the company plans to hire several developers. In addition, Decentral has partnered with several services, including GiftPay and Changelly.

According to Xu, in the next few months, the company plans to attract financing from strategic investors. She also added that the new version of the wallet - Jaxx Liberty - was downloaded 250 thousand times last year.

BitPay to Add Ethereum Support

The company will implement Ethereum support on BitPay Visa prepaid debit cards and allow merchants to accept coin as a mean of payment
17 September 2019   229

BitPay cryptocurrency processing will add support for Ethereum in the coming weeks. Merchants will be able to accept a coin as payment, and users can store it in their wallet.

BitPay is consistently at the forefront of using cryptocurrency to solve real-world problems and offer our global customers the best options to accept and pay with multiple blockchain assets. As one of the largest crypto currencies by market cap and one used by thousands of companies, Ethereum is the next logical choice.
 

Stephen Pair

CEO of BitPay

The company will also implement Ethereum support on BitPay Visa prepaid debit cards.

It is exciting to see BitPay leading the way in integrating Ethereum into global payment systems. This truly opens up a new world of possibilities for the Ethereum ecosystem, and together we can continue to be a leading innovator for real world use cases for cryptocurrencies.
 

Vitalik Buterin
Founder and creator, Ethereum

At the moment, the service supports Bitcoin and Bitcoin Cash, and also offers merchants settlements in stablecodes USDC, GUSD and PAX and 12 world currencies.