PayPal Co-Founder Brought on to Help Blockchain Startup
Origin Protocol, a blockchain-based sharing economy startup, has named Yu Pan as a research and development engineer. Pan was a co-founder of PayPal.
“For financial startups, I’ve always looked for something that can create a seismic shift in the way commerce is done – I believe Origin Protocol can be one of those,” Pan told CoinDesk via e-mail.
This news comes as cryptocurrency Ripple added a new member to its RippleNet blockchain network. An Oman bank, BankDhofar, joined the network in an effort to tap into Ripple’s blockchain technology for cross-border payments.
MORE CRYPTO NEWS
Angel Investor Amassed 10,000 Bitcoins Amid Q1 Price Slump
In an open group Q&A session with tech entrepreneur Wang Feng on WeChat on Thursday, Cai revealed that he moved to increase his portfolio in bitcoin over the first quarter of 2018 when the cryptocurrency price had dipped substantially.
Soon after December's record high round $20,000, the price of bitcoin fell below $6,000 in February, before climbing again to over $9,700 at press time. According to CoinDesk's Bitcoin Price Index, Cai's holdings are now worth around $96 million.
Bitcoin Price Challenges $10K Amid Bullish Sentiment, Ethereum Reclaims $800
Bitcoin prices reached $9,786 Friday, May 4, up 5.6% in the last 24 hours, with data from Cointelegraph’s price index and market visualization tool Coin360 revealing two attempts to retake the significant boundary
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