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.