A timeline of fintech’s involvement in crypto in 2020 thus far
2020 was a significant year for fintech firms and their activities in the crypto space.
As the timeline below — produced by The Block Research — shows, fintechs like PayPal and Square made significant splashes on the crypto front. Earlier this month, Square drew headlines for its move to buy $50 million in bitcoin.
But it’s perhaps PayPal — and it’s many millions of global customers — that drew the most attention with its long-rumored move into crypto services. In partnership with Paxos, the digital payments giant is slowly beginning to roll out the ability to buy and sell cryptocurrency to its customer base.
What’s more, PayPal appears to be making entreaties to businesses in the crypto space for possible acquisitions, including BitGo.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Michael McSweeney