PayPal Invests in Blockchain Project PayPal Invests in Blockchain Project

The global payment system PayPal invested in the cryptocurrency field. The Cambridge Blockchain startup has received development funds from PayPal as part of the A series of financing.

The amount of investment has not been disclosed, but it is known that in total the startup has attracted about 3.5 million within 9 months. Along with PayPal, Omidyar Network participated in the investment.

ATBCoin Team’s Opinion

The project aims at helping manage confidential data and digital identification issues of value, that is why the Cambridge Blockchain startup has value for such financial projects as PayPal.