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PayPal Doubles Down on Web3 Infrastructure: Leading $52 Million Investment in Wallet-as-a-Service Provider Magic
In a significant move that underscores the ongoing institutional convergence between traditional finance and decentralized technology, payments giant PayPal has spearheaded a $52 million strategic funding round for Magic, a San Francisco-based firm specializing in "Wallet-as-a-Service" (WaaS) infrastructure. This investment marks one of PayPal’s most deliberate steps yet toward facilitating the mainstream adoption of Web3, […]
PayPal Bets Big on Web3 Infrastructure: Leading $52 Million Investment in Wallet-as-a-Service Provider Magic
In a significant move that underscores its deepening commitment to the digital asset ecosystem, global payments giant PayPal has spearheaded a $52 million strategic funding round for Magic, a San Francisco-based firm specializing in Wallet-as-a-Service (WaaS) infrastructure. This investment marks a strategic pivot for PayPal, shifting from merely offering consumer-facing crypto services to bolstering the […]
PayPal Bets Big on Web3 Infrastructure: Leading $52M Round for Wallet-as-a-Service Provider Magic
In a significant move that underscores its deepening commitment to the digital asset ecosystem, global payments titan PayPal has taken a decisive step toward the mainstream adoption of Web3. Through its venture capital arm, PayPal Ventures, the company has spearheaded a $52 million strategic funding round for Magic, a San Francisco-based firm specializing in "Wallet-as-a-Service" […]
