Welcome to TechCrunch daily news, a round up of the top tech news of the day. --The end is in sight for Quibi --PayPal adds cryptocurrency support --and Netflix tests a new promotional strategy. This is your Daily Crunch. The big story is: Quibi, the much-hyped streaming video app led by Jeffrey Katzenberg and Meg Whitman, which raised nearly $2 billion in funding, is shutting down, according to reports in The Information and The Wall Street Journal.
Learn more about your ad choices. Visit podcastchoices.com/adchoices