Hong Kong’s tech news snapshot, October 2022: Animoca moves into education-focused non-fungible tokens for teachers, bridging the Web3 and traditional finance spheres, PayPal folds to pressure around payment services to pro-democracy movement, and more.
- Hong Kong: PayPal HK halts payments to HK pro-democracy group, citing unspecified ‘excessive risks’ most likely associated with increasing China ‘security’ law pressures
- Hong Kong: Reap digital payments firm secures $40M with focus on infrastructure to facilitate payments between Web3 projects and traditional business
- Hong Kong: WATI – WhatsApp Team Inbox – raised $23M Series B, with Shopify onboard as a new investor
- Animoca Brands and TinyTap to auction first education-focused Publisher NFTs, each linked to a bundle of educational games and other interactive activities created by teachers