CoinDesk reported:
It should be no surprise which wolf is dominant in PayPal, the side that wants to work from within the system, rather than outside. The publicly-traded company, which launched the careers of Elon Musk, Peter Thiel and the rest of the “PayPal Mafia,” learned pretty quickly that its initial vision for a stateless, global payments system would be beaten into submission by banks and governments. PayPal has been an active and consistent supporter of crypto since it expressed interest in Bitcoin in 2013, but it gave up on the cypherpunk ideal of a “new world currency.”