PayPal To Acquire Digital Asset Custody Provider Curv

PayPal To Acquire Digital Asset Custody Provider Curv

Payments giant PayPal will be acquiring digital asset custody provider Curv as it strengthens its new cryptocurrency services.Today, digital payments giant PayPal announced the acquisition of Curv, a digital asset security infrastructure and custody company based in Tel Aviv, Israel. The acquisition of Curv, founded in 2018, should help the company’s security as it allows customers to buy, sell and hold cryptocurrencies directly on the platform, an addition of services announced in October 2020.“As a pioneer in security infrastructure for digital assets, Curv is proud to be recognized as....


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Paypal Acquiring Crypto Security Firm Curv to Expand Digital Asset Initiatives

Payments giant Paypal has announced that it is acquiring Tel Aviv-based crypto security infrastructure provider Curv. According to Paypal, this acquisition will help the company “expand its initiatives to support cryptocurrencies and digital assets.” The deal is reportedly worth less than $200 million. Paypal Holdings Inc. (NASDAQ: PYPL) announced Monday “that it has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets.” Founded in 2018 by CEO Itay Malinger and CTO Dan Yadlin, Curv is a leading provider of....

PayPal purchases crypto custody firm Curv

The platform said it plans to complete the acquisition before the third quarter of 2021. Payments giant PayPal has acquired Israel-based crypto custody firm Curv for an undisclosed amount.According to PayPal, the firm purchased Curv as part of its initiative to support cryptocurrencies and digital assets. The platform said it plans to complete the acquisition before the third quarter of 2021, but did not disclose the purchase amount. Israel-based media outlet Calcalist said last week that Curv may have sold for between $200 million and $300 million, with CNBC reporting on Monday that “The....

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DeFi token CRV spikes after reports PayPal acquired unrelated custody firm Curv

Curve Finance is up nearly 30% in 24 hours after traders rallied into the wrong market in response to news that PayPal may have acquired the crypto custodian, Curv. Excitable speculators mistakenly rushed to invest in the native token of decentralized finance protocol Curve Finance (CRV) after reports emerged that payments giant PayPal has acquired the unrelated Israel-based crypto custody firm, Curv.News of PayPal’s Curv acquisition was reported on March 2, with the publications citing anonymous sources “familiar with the matter.” Israel-based media has reported the company may have been....