Crypto Billionaire Di Iorio Seeks New Start for Jaxx as All-in-One Wallet

Udgivet den by Coindesk | Udgivet den

That's how Anthony Di Iorio sees the new Jaxx Liberty crypto wallet.

As one of the cryptocurrency industry's wealthiest entrepreneurs, Decentral CEO Di Iorio said he aims to attract up to 100 corporate integrations to his new wallet to make it the most versatile app in the ecosystem.

Revealed exclusively to CoinDesk, Decentral is launching Jaxx Liberty today, after several months of beta testing.

While the original Jaxx was predominately a software wallet capable of in-app currency conversions thanks to exchange partner ShapeShift, processing roughly $2 billion worth of crypto through that integration since 2016, Jaxx Liberty now includes everything from in-app block explorers for multiple currencies to news feeds from sites like CoinDesk.

Decentral will charge up to $250,000 to add support for new assets to Jaxx Liberty and it takes a cut of the fees for integrating financial services from other startups, such as exchanges.

The Decentral team plans to launch a tokenized reward program in 2019, called Unity, as yet another revenue stream from Jaxx Liberty.

Fellow wallet maker Richard Burton, CEO of the ethereum-centric startup Balance, which offers a wallet with many of the same features as Jaxx Liberty, told CoinDesk he admires the diversity of assets and services incorporated in Jaxx Liberty.

As several others told CoinDesk, this user primarily relies on Jaxx for onboarding crypto newbies, converting niche altcoins into dominant cryptos, and transferring funds to other wallets for storage.

Token aficionado Zineb Belmkaddem told CoinDesk she used Jaxx because Decentral partnered with the adtech company StormX. Although Belmkaddem used Jaxx to cash out her StormX earnings, she said she doesn't routinely use Jaxx because some users have reported severe bugs and security issues related to Decentral's wallet.

Decentral is still figuring out what this means for the Jaxx integration with ShapeShift, Di Iorio told CoinDesk.

x