Hong Kong-based crypto-financial services provider PayPal Financial has announced the official launch of its high-end service brand PayPal PRIVATE's app-side APP for online testing, which is expected to go online soon. PayPal PRIVATE is a new service brand created by PayPal Financial that will primarily target qualified investors with high net worth and ultra-high net worth, providing private banking-grade encrypted financial services, PayPal Financial said. At the same time, PayPal PRIVATE's head, Zhai Lei, has worked in the private banking department of China Merchants Bank for many years. According to people familiar with the matter, the threshold for participating in PayPal PRIVATE holdings is 100 bitcoins.
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