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....
Related News
Curv credited a recent announcement from a U.S. Treasury bureau with growing interest in crypto assets from financial institutions. The post Franklin Templeton Join Series A For Institutional Bitcoin Custody Provider Curv appeared first on Bitcoin Magazine.
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....
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....
Digital asset custody service provider Fireblocks has announced it will acquire First Digital, a fellow Israeli company, for $100 million. The acquisition, which is said to be Fireblocks’ first, comes less than three weeks after the company revealed it raised $550 million in Series E funding. Fireblocks’ $8 Billion Valuation Fireblocks, a digital asset custody firm, is set to acquire the stablecoin payment platform First Digital for $100 million, a report has said. The acquisition, when consummated, will enable Fireblocks to bolster the capabilities of its current payment....
Curv is teaming up with MetaMask to allow institutions to invest in DeFi protocols while having institutional-grade custody options.