PayPal’s Entry to Crypto Followed Long Buildup in Expertise
Last year’s launch of crypto market was the culmination of finding the right talent and working with Paxos Trust, a regulatory technology provider, the CTO of PayPal’s blockchain unit says
PayPal uses Paxos Trust Co. LLC to power the back-end infrastructure that allows its users to buy, hold and sell cryptocurrencies.
PayPal Holdings Inc. became one of the largest companies in the U.S. to enter the market for digital currencies with its announcement last October that it would allow its millions of U.S. users to sell, buy and hold cryptocurrencies.
Over the past few weeks, several other companies have announced their plans for cryptocurrencies, ranging from Tesla Inc. to Mastercard Inc. and Bank…
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