Altcoins Talks - Cryptocurrency Forum
Further Discussions => Blockchain Technology => Topic started by: Tanimariya on June 22, 2021, 04:29:46 PM
-
PayPal said it's the first time the company has invested as an LP in a fund focused on blockchain and digital assets.
PayPal and Visa are chasing bets across the crypto industry as partners in Blockchain Capital’s fifth venture fund, a $300 million war chest announced Tuesday.
The increasingly crypto-savvy companies are relative newcomers to crypto VC. While both have invested directly in a handful of crypto startups, joining as limited partners (LPs) means an outside manager will place broader equity investments on their behalf. PayPal confirmed to CoinDesk this is its first such arrangement with a crypto VC firm. Source Link
(https://www.coindesk.com/visa-paypal-join-crypto-vc-blockchain-capitals-new-300m-fund)