PayPal Makes Its First-Ever Investment in a Blockchain Startup

Online payments giant PayPal has taken a stake in Cambridge Blockchain – its first investment in the blockchain space.

Source: www.coindesk.com

Online payments giant PayPal (NASDAQ: PYPL) has announced an investment in Cambridge Blockchain. This marks the first-ever investment made by the Company in blockchain technology. Cambridge Blockchain is a startup that helps financial institutions and other companies manage sensitive data using shared ledgers. The financial terms of the investment have not yet disclosed.