Former PayPal Executive Joins Crypto.com to Drive Growth

Tyson Hackwood, a former PayPal and Braintree executive, has landed a key position at Crypto.com where his remit is to drive the growth of the crypto-based payment solution.

Crypto.com, one of the leading payments and cryptocurrency platforms announced on Dec. 11th that it has hired Tyson Hackwood, a former key executive for PayPal and Braintree as the SVP, Head of Global Merchant Acquisition.

With his vast experience in mobile payments and business expansion, Hackwood’s direct responsibility is to drive the growth and expansion of Crypto.com Pay, a solution that allows “customers to pay for goods and services with cryptocurrency while receiving generous cashback rewards.”

Hackwood’s Appointment

Kris Marszalek; Co-Founder and CEO of Crypto.com said that Hackwood has an important role to play in expanding the business’ network. “As we develop the Crypto.com Chain to fulfill the current industry need to pay and be paid in crypto, Tyson will play an important role in expanding the number and quality of merchants that are part of our network,” remarked Marszalek.

He further added that:

“His relationships and experience in online digital payments will significantly advance our goal of enabling seamless, secure, and cost-efficient transactions between merchants and cryptocurrency users worldwide.”

Hackwood expressed his excitement at joining the team and help grow the brand with strategic partnerships with merchants. Hackwood said:

“My experience in working with digital driven organizations and developing collaborative business channels, combined with Crypto.com’s intuitive platform, will aid in the steady and sustainable adoption of this native blockchain technology and cryptocurrencies.”

Hackwood and Crypto.com Are a Perfect Match

Hackwood has more than 17 years of experience working in several sectors such as mobile payment, digital commerce, and expansion and partnership-driven business. He recently served as a director at the Asia Pacific for Braintree, a division of PayPal that deals with e-commerce payments. He was also in charge of leading dynamic teams and overseeing the company’s continued expansion across the region.

Hackwood joins the Hong Kong-based crypto company that wants to have a global reputation of facilitating instant crypto payments.

Hackwood joins the list of former PayPal executive that have crossed over to the crypto camp that includes David Marcus (Coinbase – eventually resigned to focus on Facebook), Bret Allenbach (Ripple), and more.


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Author: Williams Mugwagwa
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The US Will Receive MCO Visa Cards, the New Crypto.Com Cards Will Be Issued by Metropolitan Bank

The Metropolitan Commercial Bank, as announced on Friday, 16th November 2018, will be issuing Crypto.com’s MCO Visa Cards in the US.

Crypto.com has decided to enter the US market and juggle with the patchwork of regulations in the US states. The company will be offering its MCO Visa cards to American customers soon. The cards will be issued by the Metropolitan Bank, a New York City-based entity which has a publicly traded parent company – Metropolitan Bank Holding Corp.

Co-founder and CEO of Crypto.com, Kris Marszalek thanked Metropolitan Commercial Bank for sharing their vision and said that the market demand for the MCO Visa Card is high. He also said that the company is working to bring the cards to their customers as soon as they can. Marszalek also called the partnership with Metropolitan another step towards their mission of increasing crypto acceptance around the world.

Metropolitan Commercial Bank’s president and CEO Mark DeFazio noted that the bank was pleased to work with Crypto.com and their subsidiary Foris Inc. to bring the innovative product to the US market. He also said:

“This program speaks directly to The Entrepreneurial Bank spirit that we have and seek to promote. The MCO Visa Card is quite unique and provides a bridge between traditional banking and cryptocurrencies in a safe and compliant way.”

What Is the MCO Visa Card All About?

The MCO Visa card has already been launched in Singapore. It is a prepaid card made from high-end metal, free from any monthly or annual fees. It also provides airport lounge access, no-fee ATM withdrawals, tap-and-pay functionality, and it also comes without foreign transaction fees.

Interested people can make reservations on the Crypto.com Wallet & Card app, where there is a simple three-minute process for onboarding customers, including ID verification. Customers can also use the wallet to manage the use of their cards, keep track of transactions and freeze or unfreeze cards as needed. Over 100,000 of these cards have already been reserved from around the world, and Crypto.com’s entry in the US means that several more reservations could be on the way.

The Wallet app also adds more value to the cards as it allows users to buy, sell and store their cryptocurrencies easily. All the transactions are done in fiat currency denomination, which helps users to convert their crypto holdings into a dollar-amount quickly, without incurring any exchange fees.


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Author: Viraj Shah
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