Leadership Shifts to Usher in New Era for Monero Cryptocurrency

An anonymous monero user called "Luigi1111" now handles the monero website and graphical user interface, while rotating volunteers routinely host the weekly IRC chats for monero developers.

Spagni's move is actually part of a broader shift in the monero community to balance business adoption with the cypherpunk ethos of decentralization.

If all goes according to plan, Spagni will become less influential on the broader community as monero simultaneously boosts its value and use as a medium of exchange.

"You'll be able to run our lighting router and connect it to a bitcoin node, a litecoin node, a monero node, a Tari node, full-on interoperability," Spagni said.

Plus, offering sustainable job opportunities outside of fintech hubs like San Francisco and New York are a part of the monero community's push for greater inclusivity.

That's not to say monero won't have leaders, it will.

How, monero transaction fees typically range from a few cents to $2. Converting monero into bitcoin for vendors that only accept the latter can accrue even higher fees.

The examples show how scaling monero will take a combined effort of developers and entrepreneurs.

Next, Shapiro will team up with Honigwachs for a partnership that allows users to buy monero directly through MyMonero wallets and automatically convert monero into bitcoin when sending payments to a bitcoin wallet.

"We want people to be able to buy monero with a credit card, without needing to leave the app at all," Shapiro said.