in May 2018, including a new investment from Omidyar Network. Neither PayPal nor Cambridge Blockchain disclosed the investment amount. Recent filings with the SEC, however, indicate the company raised $3.5 million in new equity since the initial $7 million round led by Foxconn’s HCM Capital.
While Cambridge Blockchain's technology is intended to give Luxembourg's roughly 600,000 residents increased control over their identities across the internet, Foxconn, the maker of Apple's iPhone, is using the technology in other ways, including to remove the need for a central warehouse by connecting suppliers directly to manufacturers.
The accelerator concluded in Luxembourg, where PayPal has an office and Cambridge Blockchain is preparing to launch its first live product with LuxTrust, a firm backed by the Luxembourg government. Which is where the potentially high stakes of PayPal’s investment really start to become apparent—and complicated. One of the most notorious proprietors of personal information is Facebook, the $480 billion social network that helps advertisers and political strategists target its users for a fee.
DelRayMan DragonFactorID already is providing this service. As the rest of the world is dabbling in this to see if it works, dragonchaingang is already making it work. $DRGN
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PayPal Targets Identity Ownership With Its First Blockchain InvestmentPayPal makes it first blockchain investment, in Cambridge Blockchain. DelRayMan Good move DelRayMan Damn we need PayPal in Ghana 🇬🇭😞 DelRayMan Possible jobs boston ✅
Source: Forbes - 🏆 394. / 53 Read more »
PayPal Targets Identity Ownership With Its First Blockchain InvestmentPayPal has joined a Series A investment in Cambridge Blockchain, a startup working to give individuals a way to own their own online identities without middlemen like Facebook holochain holochain $HOT Jeez people. Fakebook is NOT a middleman. My last name is not City. It's called be careful what you SHARE. And Bitcoin ? Crypto type cash are just tokens. They are only good for the pinball machine inside the store. If Experian can be hacked . . . Need to learn more about blockchain? Check out the all new documentary RizqiPresentsBlockchain that dives deep into the world of blockchain technology to see how it is revolutionizing finance, cybersecurity, democracy, and more. Ep. 1 for FREE below:
Source: Forbes - 🏆 394. / 53 Read more »
PayPal Targets Identity Ownership With Its First Blockchain InvestmentPayPal makes it first blockchain investment, in Cambridge Blockchain. DelRayMan Good move DelRayMan Damn we need PayPal in Ghana 🇬🇭😞 DelRayMan Possible jobs boston ✅
Source: Forbes - 🏆 394. / 53 Read more »
PayPal Targets Identity Ownership With Its First Blockchain InvestmentPayPal has joined a Series A investment in Cambridge Blockchain, a startup working to give individuals a way to own their own online identities without middlemen like Facebook holochain holochain $HOT Jeez people. Fakebook is NOT a middleman. My last name is not City. It's called be careful what you SHARE. And Bitcoin ? Crypto type cash are just tokens. They are only good for the pinball machine inside the store. If Experian can be hacked . . . Need to learn more about blockchain? Check out the all new documentary RizqiPresentsBlockchain that dives deep into the world of blockchain technology to see how it is revolutionizing finance, cybersecurity, democracy, and more. Ep. 1 for FREE below:
Source: Forbes - 🏆 394. / 53 Read more »
Chicago becomes first big American city to achieve carbon-neutral investment portfolioChicago has become the first major U.S. city to achieve a carbon-neutral portfolio, blazing the trail for other local governments as sustainable investing picks up steam. “It’s our goal to be the tip of the spear,” said the city treasurer, Kurt Summers. Now if they could only stop its citizens from killing each other and get rid of their corrupt democrat representation they might actually be on to something!
Source: MarketWatch - 🏆 3. / 97 Read more »