Wallet-as-a-Service provider Magic completes $52 million funding round, led by PayPal Ventures

ChainCatcher news, wallet-as-a-service provider Magic has completed a $52 million financing round, led by PayPal Ventures, with participation from Cherubic, Synchrony, KX, Northzone, and Volt Capital. Magic offers secure, instant non-custodial wallet creation. Users can instantly create wallets using existing email, social media, SMS, or single sign-on. Currently, Magic has generated over 20 million wallets, and its SDK is used by more than 130,000 developers.