MoonPay strengthens the team by hiring employees from Cisco, Cash App and Coinbase
MoonPay, a provider of crypto payments and non-interchangeable tokens (NFT) services, said on Thursday that it had attracted several top managers, which goes against the current hiring trends in the cryptocurrency market.
Asiff Hirji will join MoonPay as an advisor to the CEO after he served as president of the blockchain fintech company Figure. According to his LinkedIn profile, Hirji was the president and chief operating officer of Coinbase from 2017 to June 2019.
Among other big names stands outAkash Gang, formerly Vice president of Engineering at Block and Technical Director at Afterpay. He will perform the duties of Technical director at MoonPay. Jim Esposito, former chief operating officer of Block's Cash App, is hired as Chief operating Officer. Garrett McManus, who previously headed the artist development department at Cash App, became the head of marketing. Abhay Mavalankar, former Head of Venture Capital and Mergers and Acquisitions at Cisco Investments, will head the Corporate Development department.
Tom Capone, who previously headed web3 at the Creative Artist Agency, will also become the head of MoonPay Studios, a new part of the company that will help come up with and develop corporate ideas for NFT drops.
In recent months, MoonPay has moved to diversify its business model, abandoning its core product, which was originally an API for converting fiat into cryptocurrency.
In June, the company officially launched an NFT mining service called HyperMint. The platform allows brands and authors to simultaneously produce up to 100 million NFT. The move was part of an attempt to create a service that the company sees as "Amazon Web Services for NFT," which the company announced back in April.
MoonPay, launched in 2019 to expand the distribution of cryptocurrencies, completed a Series A funding round of $555 million in November 2021, bringing the company's valuation to $3.4 billion.
The hiring of the company's employees takes place at a difficult time for the crypto industry. Market turmoil in recent months has caused a number of layoffs at companies such as Coinbase, BlockFi, Crypto.com , 2TM, Abra and Bitpanda.
https://coin-signal.com/cryptonews/moonpay-strengthens-the-team-by-hiring-employees-from-cisco-cash-app-and-coinbase/
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