Wallets / Payment Solutions: June headlines

- PayPal invests in new crypto wallet service. PayPal has announced a substantial investment in Magic, the strategic funding round, led by PayPal Ventures, raised $52 million for Magic, with additional investments from Cherubic, Synchrony, KX, Northzone and Volt Capital (source).
- Atomic Wallet Hackers Use THORChain to Conceal Stolen $35M Funds: the hackers, believed to be North Korean hacking group Lazarus, have been using cross-chain bridges and liquidity protocols to mix stolen funds (source).
- Crypto​.com joins ranks of licensed payment institutions in Singapore: with the MPI license, Crypto.com is now authorized to offer its DPT services to customers in Singapore (source).
- Crypto Payments Firm Wyre Winding Down Due to ‘Market Conditions’. Wyre is ceasing operations less than a year after it was valued at $1.5 billion in an abortive acquisition by Bolt (source).
- Binance struggles in Europe continue as it has lost its EURO payment partner - Paysafe,its Euro payment partner, will stop its bank transfers services from September 25 (source).
- Mastercard plans beta for a blockchain ‘app store’ for ‘regulated’ financial apps. Mastercard said it was planning to launch a beta in the U.K. over the summer to test what it calls the Multi Token Network, or an “app store powered by blockchain technologies for building regulated financial applications” (source)



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