Moxie Marlinspike, Signals founder, hasannouncedhes stepping down as the CEO of the company.
Marlinspike launched Signal as a merged app fromRedPhone encrypted voice calling appand theTextSecure encrypted texting appin 2015.
Over the years, it has gained popularity asone of the most private chat platformswith end-to-end encryption.
I rarely write code anymore, and if I do its in a minor role.
It’s free, every week, in your inbox.
The cryptographer is leaving Signal at a volatile time.
Some getgobbled up by megacorporations forbillions of dollars,while others have to find different ways.
Plus, it might introducepremium stickers and other add-onsin the future.
Signals story is slightly different.
Acton invested $50 million in the Signal foundation in 2018.
Besides that, Signal runs on donations; last year, it introducedtheSignal Sustainers subscription programto raise more money.
While it needs to raise more money, Signal launched a new feature: secure mobile payments.
Now, the feature has beenrolled out to all users.
MobileCoin was founded in 2017, and hasraised more than $100 million in fundingso far.
In just the last month, MobileCoinsvalue plummeted by 37.5%.
As for Marlinspike, whats next?
That’s one heck of a mixed bag.
He likes to say “Bleh.
That’s one heck of a mixed bag.
He likes to say “Bleh.”
