MobileCoin Appoints New CEO for Global Expansion of Crypto Payments
MobileCoin, a privacy-focused payments network and the builder of Signal's crypto payments feature, has moved its chief technology officer, Sara Drakeley, into the chief executive officer position.
According to the press release, Drakeley's appointment emphasizes the company's plans to "amplify its product offerings and broaden its market reach."
Drakley is "focused on bringing instant, cross-border, peer-to-peer payments to customers and businesses alike," MobileCoin said.
Per Steve Jurvetson, co-founder of Future Ventures and MobileCoin board member, the new CEO will "act as the catalyst for the next generation of payments."
Drakeley previously worked for companies like SpaceX and Disney Animation Studios.
Henry Holtzman, MobileCoin’s Chief Innovation Officer, will now move into the CTO position. He previously worked at MIT Media Lab as Chief Knowledge Officer and Samsung as VP of Technology and Innovation, the announcement said.
The payment infrastructure company, the press release noted, is focused on global expansion, as well as identifying and addressing pain points in global payments infrastructure, adding that:
"A core strategy involves expanding into key markets like Latin America and Africa, which have shown high crypto adoption levels and everyday use cases."
Drakeley opined that the traditional payments infrastructure is broken and that it is "unacceptable" in this age of technological advancement for people to have to wait days to receive their money.
End-to-end messenger Singal launched the beta version of the MobileCoin-powered payments solution in 2021. MobileCoin uses the Stellar (XLM) Consensus Protocol (SCP) to synchronize a ledger.
It is the first payments protocol for which Signal added support, enabling
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