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WATCH: MyCrypto CEO Taylor Monahan on Crypto Adoption and Ethereum

CoinDesk sat down with MyCrypto CEO Taylor Monaghan at Devcon 5 to discuss her crypto journey.

Oct 15, 2019 at 3:30 p.m. UTC
Updated Sep 13, 2021 at 11:34 a.m. UTC

At Devcon 5 last week, CoinDesk’s Leigh Cuen sat down with MyCrypto CEO Taylor Monahan to chat about user adoption and the state of ethereum.

Founded in 2015, MyCrypto makes the blockchain more accessible through customer-first products for ethereum and ERC-20 tokens.

As Monahan told CoinDesk, MyCrypto focuses on the customer experience:

“People are used to the Googles and the Facebooks and you type in your username and your password and if you forget it like they’ll recover it for you and everything’s fine. And then they enter crypto and it's like, 'No, that’s not how the world works.'”

As a wallet provider, MyCrypto is the first touching point for many crypto newbies, and onboarding non-crypto customers to crypto has its own set of unique challenges.

Monahan said:

“How can we make this similar to existing systems? And where it just is different, how can we educate the user? Because at the end of the day, we do want people to hold their own crypto.”

Taylor Monahan image via Brady Dale for CoinDesk

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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