PayPal, founded in the U.S. in 1998, lost much of its talent in 2002 when eBay acquired the company.
As a result, a number of companies and services were created by former PayPal employees, including YouTube, Linkedin, X (Twitter), Tesla Motors, and Yelp!
Did you know that they are called the PayPal Mafia?
Crypto is what they are most focused on right now.
For starters, they include David Smith, chief engineer of Coinbase, a major U.S. virtual currency exchange; Andy Blomberg of Coinlist, a virtual currency market analysis website; Nadaf Hollander of Dharma, a decentralized lending platform; Olaf Kalsonwy of the hedge fund Paradigm; Olaf Kalsonwy of the virtual currency The company hired a string of talent, including Olaf Kalsonwy of the hedge fund Polychain and Fred Ehrsam of the hedge fund Paradigm, also a hedge fund.
And PayPal has already begun hiring PayPal USD, and X has licensed virtual currency transactions and payments in seven states.
And it announced that its subsidiary, Cryptopayments, will begin operating XBIRD as well.
Tesla launched bitcoin payments in 2021, and soon stopped as the electricity consumption of mining was contrary to Tesla’s goal of an eco-society, but is now moving to resume the process.
The PayPal mafia has now morphed into the crypto mafia and is about to take over the world again.
In particular, Elon Musk, who is often cited as a leading figure in this movement, has declared that he will transform X into a blockchain-linked social networking service, and he is accelerating his efforts to obtain licenses and issue his own coins.
The day when the PayPal mafia will once again change the world is just around the corner.