Acorns Grow Inc., the company behind the Acorns app, announced Thursday morning that it has agreed to go public by merging with special-purpose acquisition company Pioneer Merger Corp (PACX) on a $2.2 billion deal. A special-purpose acquisition company (SPAC), also known as a blank check company, is a publicly traded company with the sole purpose of acquiring or merging with private companies, thus making them public.
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PayPal could be finally allowing its crypto holders to withdraw their assets and send them to third-party wallets. Earlier today at CoinDesk’s Consensus 2021 virtual conference, Jose Fernandez da Ponte, PayPal’s general manager for blockchain, announced that he wants their consumers to have the opportunity to transfer cryptos from PayPal. Since introducing crypto to their platform in October 2020, PayPal users have been only able to buy, sell, and hold crypto.
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