Today in Data: Crypto Is at the Center of the Payments Universe

Today in data, Ark Invest sells its PayPal stake because it believes in Cash App’s cryptocurrency-focused future. Plus, Ethereum Foundation developer Virgil Griffith gets a 63-month prison sentence and $100,000 fine for helping North Korea avoid cryptocurrency sanctions, and Mercuryo and Volt partner on cryptocurrency-based open banking transactions.

Data

$1.5B: Approximate a

mount of cryptocurrency stolen by North Korean hackers, including $400 million in 2021

32M: Number of PayPal merchants that accept cryptocurrency through Checkout With Crypto

2M: Number of customers for cryptocurrency payments company Mercuryo

5,000: Number of banks in payment gateway Volt’s network

63: Length in months to which Ethereum Foundation developer Virgil Griffith was sentenced for helping North Korea avoid sanctions related to cryptocurrency