Whitepaper is terrifyingly light on specific details and "PayPal"? Is that some sort of partnership?
it mean BWEX are using Paypal to accept Fiat Currency in ICO.
( for only whitelist users. )
Using Paypal to process payment is one thing, listing them under partners is a totally different ball game. Is like contribution to an ICO using Eidoo wallet. Just because you use their wallet service doesn't make you their partner - or vice versa. Or using mastercard to contribute fiat - doesn't make you a partner and vice versa too.
Listing them there is extremely misleading and was probably done to drum up hype. Seeing CMC there too. Was going to participate, but now I have my doubts