Paypal Takes Another Step Into Crypto, Invests in Paxos

Online payments giant PayPal joined a USD 142m Series C investment round, helping major regulated blockchain infrastructure platform Paxos increase its total funding to USD 240m. The round was led by Declaration Partners, the investment firm backed by the family office of David M. Rubenstein, Paxos said in a press release. Other investors include Mithril Capital, RIT Capital