The team is ethnically split between russian and ukrainian, but that's about it. The company was set up as a non-russian entity way before the war, which is why

The team is ethnically split between russian and ukrainian, but that's about it. The company was set up as a non-russian entity way before the war, which is why sanctions didn't cause them much problem when they started shipping the product. Shipping was done through Hong Kong, the manufacturing process (which they went into crazy details about in their blog posts) is done in China. I don't think the whole "they are a russian company" makes much sense as an argument here. For one, it would he helpful if Paypal actually tried explaining their reasoning, instead of staying silent.