November 26, 2022

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PayPal and Visa have invested US$300m into Blockchain Capital’s fundraising

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Blockchain Capital is a venture capital firm that focuses on … have a guess … blockchain (and cryptocurrency).

  • Paypal and Visa investment is into B’chain’ Capital’s latest fund.

Paypal statement:

  • PayPal is committed to fostering an ecosystem of companies making digital currencies more accessible, useful and secure

Visa says 

  •  “We’re focused on enhancing all forms of money movement, whether on the Visa network, or beyond.” 

More support for the increasing institutional interest in blockchain technology. 

Meanwhile leading crypto had a wild ride. the chatter of a support level around $30K turned out to be garbage, given the drop under $29K but on the bright side at least it bounced! Quite impressively bounced too:

bitcoin chart paypal visa news

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