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Wallets / Payment Solutions: June headlines

- PayPal invests in new crypto wallet service. PayPal has announced a substantial investment in Magic, the strategic funding round, led by PayPal Ventures, raised $52 million for Magic, with additional investments from Cherubic, Synchrony, KX, Northzone and Volt Capital (source).
- Atomic Wallet Hackers Use THORChain to Conceal Stolen $35M Funds: the hackers, believed to be North Korean hacking group Lazarus, have been using cross-chain bridges and liquidity protocols to mix stolen funds (source).
- Crypto​.com joins ranks of licensed payment institutions in Singapore: with the MPI license, Crypto.com is now authorized to offer its DPT services to customers in Singapore (source).
- Crypto Payments Firm Wyre Winding Down Due to ‘Market Conditions’. Wyre is ceasing operations less than a year after it was valued at $1.5 billion in an abortive acquisition by Bolt (source).
- Binance struggles in Europe continue as it has lost its EURO payment partner - Paysafe,its Euro payment partner, will stop its bank transfers services from September 25 (source).
- Mastercard plans beta for a blockchain ‘app store’ for ‘regulated’ financial apps. Mastercard said it was planning to launch a beta in the U.K. over the summer to test what it calls the Multi Token Network, or an “app store powered by blockchain technologies for building regulated financial applications” (source)



#wallet #paymentsolutions #trends #June2023

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Wallets / Payment Solutions: June headlines

- PayPal invests in new crypto wallet service. PayPal has announced a substantial investment in Magic, the strategic funding round, led by PayPal Ventures, raised $52 million for Magic, with additional investments from Cherubic, Synchrony, KX, Northzone and Volt Capital (source).
- Atomic Wallet Hackers Use THORChain to Conceal Stolen $35M Funds: the hackers, believed to be North Korean hacking group Lazarus, have been using cross-chain bridges and liquidity protocols to mix stolen funds (source).
- Crypto​.com joins ranks of licensed payment institutions in Singapore: with the MPI license, Crypto.com is now authorized to offer its DPT services to customers in Singapore (source).
- Crypto Payments Firm Wyre Winding Down Due to ‘Market Conditions’. Wyre is ceasing operations less than a year after it was valued at $1.5 billion in an abortive acquisition by Bolt (source).
- Binance struggles in Europe continue as it has lost its EURO payment partner - Paysafe,its Euro payment partner, will stop its bank transfers services from September 25 (source).
- Mastercard plans beta for a blockchain ‘app store’ for ‘regulated’ financial apps. Mastercard said it was planning to launch a beta in the U.K. over the summer to test what it calls the Multi Token Network, or an “app store powered by blockchain technologies for building regulated financial applications” (source)



#wallet #paymentsolutions #trends #June2023
The Cryptonomist
PayPal invests in new crypto wallet service
Payments giant PayPal has announced a strategic investment in Magic, a non-custodial crypto wallet development company.
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For some time, Mr. Durov and a few dozen staffers had no fixed headquarters, but rather traveled the world, setting up shop in one city after another, he told the Journal in 2016. The company now has its operational base in Dubai, though it says it doesn’t keep servers there.Mr. Durov maintains a yearslong friendship from his VK days with actor and tech investor Jared Leto, with whom he shares an ascetic lifestyle that eschews meat and alcohol.

Wallets / Payment Solutions: June headlines

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