Nikolay Rozhok Appointed CEO of Crypto Firm XIXOIO

XIXOIO - a new cryptocurrency start-up - announced on Monday that it has appointed Nikolay Rozhok, the founder of Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term firm MoneyPolo, as CEO.

Rozhok, who helped co-found the firm, has already taken up his new position.

For those unfamiliar with XIXOIO, the firm, which was only launched last month, is developing an array of different financial services platforms that will allow users to access, amongst other things, business accounts and digital currencies.

XIXOIO - Redesigning the ICO

On top of this, the firm has developed a number of solutions for companies that want to raise funds via initial coin offerings (ICOs).

Currently, XIXOIO says it is in the process of developing a new solution, which it calls the Initial Public Coin Offering (IPCO). The firm says that this service will help companies raise funds for business financing.

“The recent, unconstrained excess of ICOs has been detrimental to legitimate businesses who wish to use Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term to raise capital,” said Rozhok.

“Investors need additional safety mechanisms to protect their ICO holdings from disappearing. Through IPCO, companies and investors will mitigate the risks and problems we currently see with ICOs.”

As noted, Rozhok was the founder of MoneyPolo and, until last March of this year, its CEO.

Starting out in one room in the back of his apartment, Rozhok grew the business so that, when he left earlier this year, it had more than sixty employees and its services were used in countries across the globe.