Remember That Whole PayPal-Getting-Into-Crypto Thing? It's Real.
Plus a new fund for platforms owned by their users
Happy Tuesday, Blockfolians
Remember last month, CoinDesk reported that PayPal was planning to bring crypto to its 325,000,000+ users? Of course we talked about it here on the Refresh but some of you out there were Skeptical Stanleys.
Well, guess what? It’s real.
Here’s what we know:
In March, PayPal wrote to the European Commission, discussing its "unilateral and tangible steps" to involvement with crypto
The context was providing advice to the EU about how it could better address certain financial pain points
PayPal bringing bitcoin or crypto buying to this many normies would be absolutely MASSIVE for the space.
Check out the full letter here and honestly, dream a little bigger tonight fam.
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Highly Relevant Reading
An A16Z alum is launching a new fund all around platforms users can own
You knew it was coming: authorities charge coronavirus relief recipient with using funds to buy crypto
The taxpayer advocacy service says IRS crypto letters violated rights
Kingdom Trust retirement accounts to custody bitcoin via Fidelity Digital Assets
There seems to be some disagreement here.
evan.ethereum.eth @evan_van_nessCrypto narratives 2009-2010 - chancellor on the brink 2011 - Silk Road 2012 - Satoshi Dice 2013 - worthless BTC clone altcoins - 2014 - Eth sale 2015 - Eth launch 2016 - theDao 2017 - ICOs 2018 - Dexes 2019 - DeFi 2020 - Stablecoins ⬅️$BTC is the past ⏩$ETH is the future
Although no disagreement that everyone has learned something…
A Really Big Number We Should Be Paying Attention To
That’s the amount raised by crypto infrastructure provider METACO to go help central banks launch digital currencies
Interesting variety of answers here