Private Equity Moris Beracha Wuani

By Inside Bitcoins Ali Raza | This period is clearly one of the most exciting for the crypto world. Even electronic payment behemoth PayPal is also getting in on some crypto action. It was PayPal’s chief financial officer John Rainey who made the startling revelations in an interview with Yahoo! Finance. Even though the payment giant is also devoting some resources to the development of cryptocurrency, Rainey stated that digital currency is not going to be their major priority for now. He thinks there is still more to be done regarding universal acceptance for digital assets before they can fully roll out buy crypto with PayPal . Bitcoin is Under Consideration Even though other big brands like Fidelity were putting in a lot of resources into crypto investments, PayPal had kept many in suspense by almost ignoring the booming sector. This is despite the fact that Rainey said that PayPal actually included Bitcoin as one of their payment alternatives for merchants...

Ian Allison Online payments giant PayPal has made its first-ever investment in a blockchain technology company.  Announced today, PayPal has  joined the extension of a Series A funding round in Cambridge Blockchain, a startup that helps financial institutions and other companies manage sensitive data using shared ledgers. Neither PayPal nor Cambridge Blockchain disclosed the investment amount, but recent filings with the SEC indicate that Cambridge Blockchain has raised a total of $3.5 million in new equity from several investors over the past nine months. That follows the $7 million close of its Series A in May of 2018, and brings the total capital raised to $10.5 million. That first $7 million consisted of $4 million of new capital plus $3 million of converted notes , and came from several investors, including HCM Capital, the VC arm of Foxconn, which manufactures the iPhone for Apple, as well as Digital Currency Group. The subsequent $3....