Meet the new Crypto.com, now headed by PayPal’s Tyson Hackwood

Tyson Hackwood, a former senior PayPal executive, will join the Hong Kong-based cryptocurrency payment platform Crypto.com, the company announced in a press release on December 11.

According to the press wire, as a new senior vice president and head of global merchant acquisition, Mr. Tyson will be responsible for expanding adoption of Crypto.com Pay, a cryptocurrency payment solution powered by the Crypto.com Chain.

Crypto.com Pay allows customers to pay for goods and services with cryptocurrency for greatly reduced processing fees and receive cashback rewards. The company’s main goal is to accelerate the world’s transition to cryptocurrency. To this end, the company seeks to increase consumer and merchant adoption for point-of-sale (PoS) transactions with the help of Mr. Hackwood.

The appointee has more than 17 years of professional experience in expansion, partnership, and mobile payments sectors. He previously was the head of PayPal Here’s Australian branch, the company’s own PoS division. There, he oversaw regional growth and continued expansion of the company in the region. Starting out as Head of Direct Merchant Sales, in 2012 he became Head of PayPal Here, New Ventures. Two years later, he moved on to Braintree, a division of PayPal that specializes in mobile and web payments for e-commerce businesses.

“Tyson will play an important role in expanding the number and quality of merchants that are part of our network,” the CEO of Crypto.com Kris Marszalek commented on the appointment.

“I am thrilled to join the team to help grow Crypto.com Pay through strategic partnerships with merchants,” Mr. Tyson commented himself. “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.”

Tyson Hackwood follows the footsteps of the other executives who have crossed over to the crypto industry. This includes, among others, David Marcus (Coinbase, later left for Facebook) and Bret Allenbach (Ripple).

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