Remember That Whole PayPal-Getting-Into-Crypto Thing? It's Real.

Plus a new fund for platforms owned by their users

Happy Tuesday, Blockfolians

The Lede

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.

PayPal in Lebanon? You wish…

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

Community Commentary

There seems to be some disagreement here.
Although no disagreement that everyone has learned something…

A Really Big Number We Should Be Paying Attention To  

$17 million

That’s the amount raised by crypto infrastructure provider METACO to go help central banks launch digital currencies

Final Thought

Interesting variety of answers here