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