MobileCoin’s new CEO wants to focus on cross-border payments

Sara Drakeley was previously the CTO of MobileCoin

article-image

Dang Pham/Shutterstock modified by Blockworks

share

MobileCoin has appointed Sara Drakeley as CEO of the global payment infrastructure company.

Drakeley was previously chief technology officer at the firm, though she told Blockworks that she joined MobileCoin five years ago as an engineer following stints at SpaceX and Disney Animation Studios.

MobileCoin, known for its partnership with encrypted messaging app Signal, was in the news earlier this year after its chief product officer, Bob Lee, was killed in San Francisco.

Lee was also the creator of Cash App. The SFPD announced an arrest in connection with his killing in April.

Read more: Cash App creator Bob Lee killed in San Francisco stabbing

In an interview with Blockworks, Drakeley explained that part of her focus for MobileCoin (MOB) is “solving real problems for real people.” 

In particular, she noted, she wants to focus on cross-border payments. Sending “money should be as easy as sending Signal messages,” said Drakeley. 

“We are enabling communities globally to take control of their assets securely, hopefully leading to more economic development and stability through reliable infrastructure and easy-to-use mobile applications,” Drakeley said in a press release announcing her appointment on Wednesday.

She added: “The way that the traditional payments infrastructure works today is broken; taking anywhere from a day to a month for people to access their money is unacceptable in the age of rapid technological advancement.”

Drakeley also added that she believes stablecoins are critical for the infrastructure of global payments, and noted that there’s an appetite for them.

In October of last year, MobileCoin — in partnership with Reserve — announced its own stablecoin, Electronic Dollars (eUSD), which is its own stablecoin. According to the announcement on the MobileCoin site, eUSD is “always backed by a basket of fully collateralized stablecoins.”

The company is also eyeing an expansion into Latin America and Africa.

“The goal is to provide innovative solutions that cater directly to these markets’ unique needs and challenges and continue its global expansion through feedback from these users,” the press release said.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research

article-image

A 40% allocation to crypto today is safer than a 1% allocation was in 2021, Ric Edelman argues

article-image

The wallet doesn’t have enough memory for more apps and features but should still function, the company says

article-image

The proof-of-work L1 is betting on parallel-chain scaling, low fees, and a $50 million grant program to lure Solidity developers and tokenized RWA issuers

article-image

Sponsored

Injective is not waiting for the future of finance. It is bringing it directly to us, today.

article-image

Bitcoin has been bullish for nearly 1,000 days

article-image

Robinhood announced that it’s building an L2 and also plans to launch staking for US users