PayPal Executive to Lead Crypto.com's Merchant Acquisition Team

It’s another exciting Tuesday in the ever-changing world of cryptocurrency as 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 company Crypto.com announced that it had onboarded Tyson Hackwood, a former PayPal executive. Hackwood joins the cryptocurrency firm as a Senior Vice President and Head of Global Merchant Acquisition.

"I am thrilled to join the team to help to grow Crypto.com Pay through strategic partnerships with merchants," said Hackwood. "My experience in working with digital driven organisations and developing collaborative business channels, combined with Crypto.com's intuitive platform, will aid in the steady and sustainable adoption of this native 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 technology and cryptocurrencies."

Hackwood brings a plethora of experience in the payments space to his new role. The Australian has been working in technology and business development roles for almost twenty years.

From PayPal to Crypto.com

Most recently, he had an eight-year stint, in a number of different roles, with PayPal. Starting out as Head of Direct Merchant Sales, he became Head of PayPal Here, New Ventures in 2012.

After just over two years in that role, he moved to Braintree, a division of PayPal that specializes in mobile and web payment systems for e-commerce companies. Hackwood spent over five years at the company working as the Head of its Asia-Pacific division.

His time in PayPal will come in handy to Crypto.com. The company is trying to break into the payments space with a series of cryptocurrency payment cards.

“As we develop the Crypto.com Chain to fulfil 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," said Kris Marszalek, Co-Founder and CEO of Crypto.com. "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."