PayPal invests in cyrptocurrency compliance startup

November 20, 2019 | Blockchain

Written by FinTech Alliance

PayPal invests in cyrptocurrency compliance startup

PayPal has reportedly joined the latest funding round in cryptocurrency compliance platform TRM Labs.

In Brief:

  • The funding round totalled $4.2mn.

  • It included PayPal’s investment arm PayPal Ventures as well as Initialized Capital, Blockchain Capital and Y Combinator.

  • The total raised in TRM’s seed round is now $5.9mn.

What does this mean?

The cryptocurrency compliance and risk management platform integrated with blockchains to detect fraud and financial crime, something vitally important as big businesses such as PayPal look at opportunities in the fairly unregulated cryptocurrency sector.

Read more here.

 

More in Blockchain

UNICEF looks at cryptocurrency potential
Blockchain
July 03, 2020

UNICEF looks at cryptocurrency potential

Children’s charity UNICEF is looking to expand its use of cryptocurrency In Brief:...

Samsung Blockchain Wallet introduction

Posted By The Community

Blockchain
June 15, 2020

Samsung Blockchain Wallet introduction

Introducing the Samsung Blockchain Wallet, your gateway to the blockchain ecosystem. It’s a convenie...

Written By: Samsung Electronics

Nike partners with challenger bank for crypto payments
Blockchain
June 05, 2020

Nike partners with challenger bank for crypto payments

Nike has partnered with London based FinTech Plutus. In Brief: The partnership will al...

Blockchain
December 20, 2019

See the full picture of the value of blockchain

In brief When done right, blockchain is about rethinking business models and relationships bet...

Blockchain
December 20, 2019

How public blockchains are making private blockchains obsolete

The era of private blockchain comes to a close as the value of public blockchains is realized. 

Blockchain
November 29, 2019

Global Blockchain Race: Which Countries Are in the Lead?

FinTech is having a great decade. According to Carsurance, four of the most disruptive innovations i...

There are no Events in this category