PayPal Ventures Invested in Team Reviving Diem Blockchain

“We believe in the work that the Aptos Labs team is doing to build a safe and scalable layer 1 blockchain,” PayPal Ventures investment partner Amman Bhasin said in a statement. “With the promise of improved reliability and security, faster transactions and lower fees, the Aptos blockchain is designed in a way that makes it both conducive to building new rails and compelling to corporate clients and crypto-native developers.”