Paypal financial and biteet entered into a strategic partnership to bring cryptocurrency asset management business experience

BlockBeats, one of the world's largest cryptocurrency wallets, and paypal financial, one of the world's largest cryptocurrency financial services providers, announced a long-term strategic partnership to jointly expand the growth opportunities in the cryptocurrency asset management market. This partnership will take full advantage of the security and ease of use of betelgeuse wallet, combine with paypal financial's expertise in financial product innovation, to provide users with more innovative financial products and services, and comprehensively enhance the experience of betelgeuse wallet users in asset management products.

Paypal financial, founder and CEO, taylor-robinson said "than special purse user is numerous, deeply trust for quite a long time, the encryption community also has a leading position, and paypal since the foundation of financial play in the professional advantages of financial product innovation, has been committed to build encrypted monetary and financial infrastructure in the world, and the cooperation with than special purse, will realize win-win co-operation, let more encryption currency users enjoy the high quality financial products and services."

Than special purse founder, too wallet developer Leo said, "and easy to use and convenient than special purse always adhere to the open idea, is committed to be encrypted monetary and financial world reliable infrastructure, this is in line with paypal financial concept and therefore expects to play through paypal financial financial professional experience advantage, cooperation can explore more new encryption financial business space, create more value for the user."

It is reported that, different from the quantified products with high penetration rate on the market, the first phase of biebuqi and paypal financial cooperation aquatic products will be a low-risk debt structured fixed income product, providing a passive return for the users of the currency, will be launched in biebuqi wallet on May 22.

Strong companies join forces to share market dividends

Bitet wallet team is one of the earliest teams engaged in the blockchain wallet business. It once developed bitet wallet, which became Bitcoin.org recommended open source security wallet. It now has 5 million users worldwide and has more than $10 billion in cryptocurrency assets in seven years. Its BTC and USDT reserves are among the largest in Asia.

Paypal as leading encryption financial comprehensive financial service providers, encryption has been committed to build the world's financial infrastructure, adhering to the concept of high efficiency, customer first, to provide qualified investors and institutional investors encryption borrowing money, save money, leveraged currency, asset management, derivatives trading strategies and implementation and other kinds of encryption financial services. As of the first quarter of 2020, paypal financial had processed more than $300 million in cryptographic asset pledge loan applications.

Cryptographic financial services has recently witnessed rapid growth, becoming a promising new track for capital and major currency holding institutions. According to The latest research report released by The Block, there are at least 112 cryptographic financial service institutions in The world, whose business scope covers lending, derivatives, brokerage and other fields. Paypal financial is in The first camp in The global cryptocurrency lending field. Investors have allocated more than $2.1 billion to crypto finance from family offices, hedge funds, investment Banks, traditional VCS and industrial capital.

Mapping The Institutional Digital Asset Infrastructure

As the first entry point of cryptocurrency users, cryptocurrency wallet has the powerful advantage of direct contact with users and has great potential value. However, the financial business professional threshold is relatively high, the design of financial products and risk control ability need to rely on long-term experience and accumulation. Paypal financial, an early entrant to this market, has a first-mover advantage, with extensive experience in financial product design and innovation, and a long-term partnership with bizet wallet is expected to allow both partners to capture the benefits of the market's rapid growth.

According to wukong, who is in charge of the cooperation of paypal financial institutions, the cooperation with bijiejie is the result of mutual understanding over a long period of time. The most fundamental foundation is that the two companies have similar concepts, relatively rigorous and conservative style, and both adhere to the concept of the safety of user assets.

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia