• About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Monday, March 27, 2023
  • Login
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading
No Result
View All Result
Crypto Reception
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading
No Result
View All Result
Crypto Reception
No Result
View All Result
Home Blockchain

Visa and PayPal Start $300M Funding For Blockchain Capital

June 23, 2021
in Blockchain
Reading Time: 3 mins read
0
Visa and PayPal, blockchain capital, fund,
Share on FacebookShare on TwitterShare on RedditShare on Whatsapp


Visa and PayPal start $300 million funding for blockchain capital after the new strategic partnership made as we are reading more in our latest cryptocurrency news today.

Visa and PayPal will participate in the Blockchain capital fundraising and according to the press release, Blockchain Capital closed funding for its Fund V LP. The capital raise drew participation from high-profile backers like these global payment giants. Capped at $300 million Blockchain Capital’s fund was oversubscribed and pointed to the continued appetite for the DLT-related funding despite the market downturn. Apart from Visa and PayPal, the university endowments, family officers and hedge funds as well that participated in the capital raise. Bart Stephes who is the co-founder and managing at Blockchain Capital commented on the closure of the fund stating:

“We are incredibly honored to welcome a world class group of investors into Fund V who appreciate the value of a firm dedicated to a single industry. As founders ourselves, we know how hard it is to build companies, protocols and, indeed, a whole new industry.”

The spokesperson for both companies stated that their support for Blockchain Capital was a part of the efforts to boost innovation in the digital finance and according to Jose Fernandez da Ponte who is the vice president and general manager of blockchain and digital currencies at PayPal:

“Investing in Blockchain Capital’s new fund allows us to engage with the entrepreneurs driving the future of the decentralized economy and the new wave of financial services.”

Blockchain Capital is a serial investors in the crypto and DLT space as the company’s portfolio of projects cuts across different facets of the emergign industry like the US-based exchange giants liek Kraken and Coinbase. Blockchain Capital’s investment portfolio extends to the decentralized finance market arena backing projects like UMA, Nexus Mutual and Aave. Since managing to secure the $2 million in funding from Blockchain Capital and other investors back in May in 2018 while OpenSea was able to attract additional investments like the $23 million injection as per the reports.

blockchain capital

As recently reported, Coinbase and PayPal partner to enable easier crypto purchases which means that all of the exchange’s users can buy crypto with their PayPal accounts. The move was announced recently and represents a major signal of the increasing mainstream momentum and acceptance on the market.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]



Source link

Related articles

Top 10,000 Bitcoin investors control one-third of the supply

Top 10,000 Bitcoin investors control one-third of the supply

March 17, 2023
Crypto volatility back to FTX levels, with $791 million of liquidations in 4 days as SVB collapse rocks market

Crypto volatility back to FTX levels, with $791 million of liquidations in 4 days as SVB collapse rocks market

March 13, 2023
Share2Tweet1ShareSend

Related Posts

Top 10,000 Bitcoin investors control one-third of the supply

Top 10,000 Bitcoin investors control one-third of the supply

March 17, 2023
0

Key Takeaways Bitcoin is a decentralised asset, yet large amounts are controlled by a select few The top 114...

Crypto volatility back to FTX levels, with $791 million of liquidations in 4 days as SVB collapse rocks market

Crypto volatility back to FTX levels, with $791 million of liquidations in 4 days as SVB collapse rocks market

March 13, 2023
0

Key Takeaways Crypto volatility is back up to levels last seen when FTX collapsed in November $791 million of...

PODCAST: Has Avalanche solved the blockchain trilemma?

PODCAST: Has Avalanche solved the blockchain trilemma?

February 22, 2023
0

Key Takeaways Avalanche is the world’s fifteenth biggest cryptocurrency by market cap John Nahas, Vice President of Business Development...

Bitcoin rally could be a mirage, writes our Analyst – a Deep Dive

Bitcoin rally could be a mirage, writes our Analyst – a Deep Dive

February 16, 2023
0

Key  Takeaways Bitcoin is up nearly 50% thus far this year, but there have been no positive catalysts from...

Fornax launches blockchain v1.0 with 20 milion coin supply

Fornax launches blockchain v1.0 with 20 milion coin supply

February 9, 2023
0

Fornax, a new player in the decentralized blockchain world, has announced the launch of its blockchain version 1.0 pre-sale....

Load More
  • Trending
  • Comments
  • Latest
Cryptanalysis project Toon Finance Coin will bring larger returns than DOGE & SHIBA INU in 2023 | NewsBTC

Cryptanalysis project Toon Finance Coin will bring larger returns than DOGE & SHIBA INU in 2023 | NewsBTC

December 17, 2022
Crypto Academy CEO Granit Mustafa: blockchain will “redefine digital finance”

Crypto Academy CEO Granit Mustafa: blockchain will “redefine digital finance”

September 23, 2022
Crypto inflows

Exchange Inflows Ramp Up As Crypto Investors Clamor To Exit Market

June 14, 2022
Twitter Begins Massive Layoffs — Elon Musk Says 'No Choice' Citing $4M Loss per Day

Twitter Begins Mass Layoffs — Elon Musk Says ‘No Choice’ Citing $4M Loss per Day – Featured Bitcoin News

November 6, 2022
Gucci and Yuga Labs partner to expand Web3 fashion

Gucci and Yuga Labs partner to expand Web3 fashion

0
Floyd Mayweather – Boxing Champion Promoted an ICO

Floyd Mayweather – Boxing Champion Promoted an ICO

0
Cannabis Industry Going Crypto | CryptoPost

Cannabis Industry Going Crypto | CryptoPost

0

Why South Korea Decided To Ban ICOs?

0
Gucci and Yuga Labs partner to expand Web3 fashion

Gucci and Yuga Labs partner to expand Web3 fashion

March 27, 2023
Komodo makes AtomicDEX Mobile 100% open source

Komodo makes AtomicDEX Mobile 100% open source

March 27, 2023
Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules – Bitcoin News

Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules – Bitcoin News

March 27, 2023
Binance CEO CZ

Binance CEO CZ Tweets “4”; Here’s The Secret Behind Digit 4

March 27, 2023

Recommended

beamswap

Launch Day Finally Arrives For Moonbeam Network-Based Beamswap | NewsBTC

January 19, 2022
Crypto price predictions: FTX Token, Fetch.ai, Cortex (CTXC)

Crypto price predictions: FTX Token, Fetch.ai, Cortex (CTXC)

December 9, 2022
FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds – Bitcoin News

FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds – Bitcoin News

March 13, 2023
Tesla CEO Elon Musk Praises Dogecoin, Criticizes Bitcoin, Guesses Identity of Satoshi Nakamoto

Tesla CEO Elon Musk Praises Dogecoin, Criticizes Bitcoin, Guesses Identity of Satoshi Nakamoto – Featured Bitcoin News

December 31, 2021

Recent News

Gucci and Yuga Labs partner to expand Web3 fashion

Gucci and Yuga Labs partner to expand Web3 fashion

March 27, 2023
Komodo makes AtomicDEX Mobile 100% open source

Komodo makes AtomicDEX Mobile 100% open source

March 27, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Guide
  • ICO News
  • Litecoin
  • Market Analysis
  • Press Release
  • Regulation
  • Ripple
  • Stablecoin
  • Trading
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

CryptoReception © 2021 All rights reserved

No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading

CryptoReception © 2021 All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.