🧵 1/3: 🚀 Web3 developer Magic raises $52M in funding led by PayPal Ventures to expand its wallet-as-a-service solution. It has raised a total of $80M since its inception in 2020. #crypto
🧵 1/3: 🚀 Web3 developer Magic raises $52M in funding led by PayPal Ventures to expand its wallet-as-a-service solution. It has raised a total of $80M since its inception in 2020. #crypto
🧵 2/3: 🛡️ With Magic's software, vendors can enable user onboarding and create wallets using email, social, SMS, or federated logins, while complying with regulations such as SOC2 Type 2, CCPA, GDPR, HIPAA, and ISO.
🧵 3/3: 🔍 Magic has generated 20 million unique wallets and 130k+ developers have used its SDK. It aims to enhance functionality and expand in the EU & APAC regions, providing digital ownership opportunities, and deepening integration.
🧵 Read more at: https://cointelegraph.com/news/magic-raises-52m-in-funding-round-led-by-paypal-ventures
what a day to be alive. Wallet as a service is now a thing , we have gone beyond PAAS, IAAS and SAAS
that's massive news for the whole crypto space, as more and more web2 companies come and invest in crypto, it will help web3 to grow more and more!