Payments Giant PayPal Invests in New Crypto Wallet Software in Push for Web3 Adoption

Payments giant PayPal is investing millions into San Francisco-based crypto wallet company Magic in its latest venture into the digital assets space. According to Magic’s press release, the wallet-as-a-service (WaaS) provider raised $52 million in a strategic funding round led by PayPal Ventures. Says Alan Du, a PayPal Ventures partner, “Mass adoption of Web3 is The post Payments Giant PayPal Invests in New Crypto Wallet Software in Push for Web3 Adoption appeared first on The Daily Hodl .