PayPal’s Cryptocurrency Entry Required Years Of Expertise-Building – WSJ

PayPal Holdings’ (PYPL -1.7%) move to allow U.S. customers to sell, buy and hold cryptocurrencies depended first on a years-long effort to recruit the right talent with expertise in the relatively young field of blockchain.

Also key to the effort: working with a trusted regulatory technology provider and having executive-level support, Edwin Aoki, chief technology officer for PayPal Blockchain, Crypto and Digital Currencies, told the Wall Street Journal.

In October, PayPal was the first company to get a conditional BitLicense from the New York State Department of Financial Services. Read more….

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