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….
Chart of the Day
May.22 — David Rubenstein speaks with Dr. Anthony Fauci, the Medal of Freedom recipient who leads the government’s premier institute researching infectious diseases. They discuss his 35-year tenure working under five U.S. Presidents, the greatest global disease threats, and why low-tech solutions may be the best way to stay healthy. They spoke in Washington on April 15, 2019.