Shrem said in a statement, “I’ve always been attracted to Decentral’s mission to build the universal blockchain interface for the masses. Jaxx is helping to advance the entire ecosystem by providing users with a simple way to control their digital assets. I’m convinced this multi-platform, multi-asset command center will do for blockchain technology what the browser once did for the internet.”
Shrem has been involved in the Bitcoin space since 2011. He rose to prominence as the co-founder of BitInstant with Gareth Nelson and Erik Voorhees, and was leading BitInstant at its height, when it handled as much as 30% of all bitcoin transactions. In September 2012, he co-founded the non-profit Bitcoin Foundation with Gavin Andresen, Roger Ver, and others. In January 2014, he was arrested at JFK airport and charged with operating an unlicensed money-transmitting business, failure to report suspicious banking activity and conspiring to launder $1 million of bitcoins for Silk Road users. He pleaded guilty to the lesser charge of aiding and abetting unlicensed money transmission and was sentenced to 24 months in prison.
The 27-year-old Shrem joins Anthony Di Iorio, the CEO and Founder of Decentral. Di Iorio is also known as a co-founder of Ethereum and KryptoKit, and of the Bitcoin Alliance of Canada.
In his new role, Shrem will manage partnerships, and develop Jaxx’s integration roadmap. This is a key area of focus for Jaxx, whose strength lies in its integration with multiple cryptocurrencies. Jaxx currently supports Bitcoin, Ethereum, Ethereum Classic, Dash, Zcash, and Litecoin, and they look set to roll out support for even more coins in the future. An attempted Monero integration was abandoned in February. The Jaxx statement announcing Shrem’s appointment also said that the company, “will announce several partnership announcements in the near future and also release its Orange Paper (a consumer-friendly version of a white paper) and a company roadmap”
Image from Wikimedia Commons.