Wednesday, December 12, 2018 4:50:13 AM
By
Gabriel M -
December 11, 2018
Crypto-Com-Hires-Former-PayPal-Executive-to-Increase-Adoption-Among-Merchants
Crypto.Com Hires Ex PayPal Executive To Increase Adoption Among Merchants
A crypto platform based in Hong Kong called Crypto.com has decided to hire Tyson Hackwood, a former PayPal executive as part of a larger plan to make cryptocurrencies more popular with merchants. The information was officially sent out to the media on a press release today, December 11.
Hackwood will join the company as the new senior vice president and will also act as the new head of global merchant acquisition. This company was created by Monaco, a debit card provider which acquired the Crypto.com domain for $10 million USD in July 2018.
The main idea behind hiring Hackwood was to convince more merchants to adopt point of sale (PoS) transactions via QR code using Bitcoin and other cryptos, something that the company believes that Hackwood can help a lot, since he has experience from the Australian branch of PayPal Here, which was a branch of the company that was focused on PoS transactions.
Kris Marszalek, the CEO of Crypto.com, has affirmed that the main goal of the company is to allow people to pay and be paid with crypto and that Hackwood will play a very important role in making this happen as he knows how to deal with merchants and PoS payments.
Hackwood is also supposed to increase the merchant uptake on the company and secure the place of Crypto.com when many other companies are trying to do the same. Even with the bear market, many companies are trying to carve their place in this niche and turn it into a profitable business.
Other companies like Square are also focusing a lot on PoS payments using Bitcoin and it looks like they will become a major thing in 2019, so the companies that are getting well-prepared now are the ones that will have more luck later.
Recent XRPUSD News
- Gaming The System: Pundit Reveals Why XRP Price Will Reach $33 • NEWSBTC • 05/13/2024 11:00:17 PM
- Price analysis 5/13: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA • Cointelegraph • 05/13/2024 10:10:00 PM
- Ripple CEO Brad Garlinghouse Says US Government Going After Tether – Paolo Ardoino Responds • The Daily Hodl • 05/13/2024 10:01:46 PM
- XRP Moon Mission? Pundit Bets on Massive 3,500% Rally For Ripple’s XRP Amid Turbulence • ZyCrypto • 05/13/2024 08:40:04 PM
- GameStop Stock And Wolverine Memecoins Explode As Roaring Kitty Returns To The Spotlight • NEWSBTC • 05/13/2024 07:27:01 PM
- Inactive BTC Wallets Transact $62.8 Million, Degen Chain Faces Shutdown, and More Crypto News • IH Market News • 05/13/2024 05:04:14 PM
- Brad Garlinghouse Sees SEC Losing Against Crypto in the Long Run, Calls Enforcement Actions ‘Speed Bumps’ • The Daily Hodl • 05/13/2024 02:30:06 PM
- Ripple CEO Claims US Government Is Obviously Going After USDT; Tether’s Ardoino Claps Back • ZyCrypto • 05/13/2024 12:49:53 PM
- Tether discredits Ripple CEO comments over U.S. scrutiny • Cointelegraph • 05/13/2024 09:51:18 AM
- XRP Bears Keeps Pushing, Indicators Suggest A Strengthening Case of More Losses • NEWSBTC • 05/13/2024 06:18:28 AM
- It’s ‘clear’ the US government is going after Tether: Ripple CEO • Cointelegraph • 05/13/2024 05:03:45 AM
- Ripple CEO Garlinghouse Predicts SEC Losing In The Long Run In Fight Against Crypto • ZyCrypto • 05/12/2024 08:05:42 PM
- Ripple’s XRP Architect David Schwartz Explains His 40,000 ETH ICO Purchase and Missed Fortunes • ZyCrypto • 05/12/2024 07:43:04 PM
- XRP On A Sinking Ship? Why Altcoin’s Price Continues To Plunge • NEWSBTC • 05/12/2024 05:00:17 PM
- SEC, Ripple case nears conclusion, Grayscale withdraws ETF filing, and more: Hodler’s Digest, May 5-11 • Cointelegraph • 05/11/2024 08:25:23 PM
- ‘Sleeping Giant’ XRP About To Awaken — Why Ripple’s XRP $5 Eruption Price Now Looks Nigh • ZyCrypto • 05/10/2024 09:32:02 PM
- SEC Shreds Ripple’s $10 Million Olive Branch, Issues $2 Billion Ultimatum in XRP Lawsuit • ZyCrypto • 05/10/2024 07:55:23 PM
- Crypto Analyst Says XRP Price Can Break Out From Falling Pennant, But Can It Reach $1? • NEWSBTC • 05/10/2024 07:30:01 PM
- Price analysis 5/10: BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA, AVAX, SHIB • Cointelegraph • 05/10/2024 06:05:49 PM
- XRP All Talk, No Action? Social Media Booms, But Price Stuck In The Bear Pit • NEWSBTC • 05/10/2024 06:00:23 PM
- XRP Price Consolidates Below $0.530: What Could Trigger More Losses? • NEWSBTC • 05/10/2024 04:28:34 AM
- Pro-XRP Lawyers Predict Ripple Will Lose Motion Against SEC Even as XRP Army Anticipates $3 High • ZyCrypto • 05/09/2024 08:55:56 PM
- Bitcoin Stabilizes at $62,000, SEC Delays Exodus NYSE Listing, and More Crypto News • IH Market News • 05/09/2024 07:28:40 PM
- Ripple, XRPL Labs join Algorand Foundation as founding members of Decentralized Recovery Alliance • Crypto Briefing • 05/09/2024 07:10:05 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM