There was no clear timeline given as to when this will happen, but the CEO noted that the plan is to have the NFTs on Instagram in the next “several months.”
PayPal did not however rule out the possibility of pursuing Pinterest in the future. A statement released by the company said that “at this time”, there was no offer on the table.
The White House and several US lawmakers have repeatedly said that the video-sharing app poses a national security risk based on the fact that it’s owned by a Chinese company.
This happened after the ACCC, Australia’s competition watchdog, was asked to produce a code of conduct that would be imposed on tech companies in order to balance out the playing field.