curv, Paypal, paypal acquires curv, paypal acquisition, paypal crypto, paypal crypto initiatives, paypal crypto service, paypal cryptocurrencies, paypal cryptocurrency

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.â€
  • Founded in 2018 by CEO Itay Malinger and CTO Dan Yadlin, Curv is a leading provider of cloud-based infrastructure for digital asset security based in Tel Aviv, Israel. The crypto custody company said last year that it raised $30 million in funding from investors, including Commerzventures, Coinbase Ventures, and Digital Currency Group. Curv currently supports more than 200 coins and tokens, including all ERC20 tokens and sub tokens on multiple blockchains.
  • Paypal expects to complete the acquisition of Curv in the first half of 2021. While the company has not disclosed the financial terms of the deal, CNBC reported that the deal is worth less than $200 million, citing a person familiar with the matter.

  • “The acquisition of Curv is part of our effort to invest in the talent and technology to realize our vision for a more inclusive financial system,†said Jose Fernandez da Ponte, Paypal’s vice president and general manager for blockchain, crypto, and digital currencies.
  • The payments giant recently created a dedicated business unit that focuses on “blockchain, crypto and digital currencies,†it described, noting that Curv will join this group.
  • Paypal began offering its users the ability to buy, sell, and hold cryptocurrencies on its platform in November last year, and will soon expand its crypto offerings to users in the U.K. The company also plans to enable its 28 million merchants to accept cryptocurrencies for payment of goods and services this year.

What do you think about Paypal acquiring Curv? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Paypal to Allow Cryptocurrency Withdrawals to Third-Party Wallets

Payments giant Paypal will soon allow its users to transfer cryptocurrencies away from its platform to third-party wallets, the company’s head of cryptocurrency reportedly revealed. Paypal has been seeing tremendous growth in its crypto business. Paypal to Support Crypto Transfers to Third-Party Wallets Jose Fernandez da Ponte, Paypal’s head of cryptocurrency, said during the Consensus […]

Xem chi tiết: Paypal to Allow Cryptocurrency Withdrawals to Third-Party Wallets

Paypal Crypto Shows ‘Really Great Results’ Amid Strongest Quarter Ever, CEO Says

The CEO of Paypal has revealed that the company’s cryptocurrency business is showing “really great results.†The first quarter was Paypal’s best quarter ever overall and the strongest year in the history of the company, the CEO emphasized. Paypal Sees ‘Really Great Results’ in Its Crypto Efforts Payments giant Paypal reported its first-quarter earnings Wednesday. […]

Xem chi tiết: Paypal Crypto Shows ‘Really Great Results’ Amid Strongest Quarter Ever, CEO Says

Paypal Crypto Shows ‘Really Great Results’ Amid Strongest Quarter Ever, CEO Says

The CEO of Paypal has revealed that the company’s cryptocurrency business is showing “really great results.†The first quarter was Paypal’s best quarter ever overall and the strongest year in the history of the company, the CEO emphasized. Paypal Sees ‘Really Great Results’ in Its Crypto Efforts Payments giant Paypal reported its first-quarter earnings Wednesday. […]

Xem chi tiết: Paypal Crypto Shows ‘Really Great Results’ Amid Strongest Quarter Ever, CEO Says

E-Commerce Giant Ebay Looking at Accepting Cryptocurrency for 187 Million Buyers, CEO Reveals

Ebay is looking at cryptocurrency as a payment option for its 187 million buyers on the platform, the company’s CEO has revealed. The e-commerce giant is also exploring opportunities in the non-fungible token (NFT) business. Ebay Looking Into Adding Cryptocurrency as Payment Option Ebay CEO Jamie Iannone said in a CNBC interview on Monday that […]

Xem chi tiết: E-Commerce Giant Ebay Looking at Accepting Cryptocurrency for 187 Million Buyers, CEO Reveals

Paypal CEO Says Demand for Cryptocurrencies Is ‘Multiple-Fold’ of Initial Expectations

The CEO of payments giant Paypal, Dan Schulman, has revealed that the demand for cryptocurrencies has been “multiple-fold†of his company’s initial expectations. Paypal’s Venmo recently began rolling out cryptocurrency features to enable Venmo users to buy, sell and hold cryptocurrencies, including bitcoin. Demand for Cryptocurrencies Exceeds Paypal’s Expectations Paypal CEO Dan Schulman talked about […]

Xem chi tiết: Paypal CEO Says Demand for Cryptocurrencies Is ‘Multiple-Fold’ of Initial Expectations

Paypal’s Venmo Launches Crypto Trading for 70 Million Users to Buy and Sell Cryptocurrencies

Venmo has announced the rollout of its “crypto on Venmo†service, allowing over 70 million users to buy, sell, and hold four types of cryptocurrencies, including bitcoin, using the popular Venmo app. Venmo’s new crypto service further shows Paypal’s commitment to the crypto space, the company detailed. Venmo Launches Crypto Service Venmo, a service by […]

Xem chi tiết: Paypal’s Venmo Launches Crypto Trading for 70 Million Users to Buy and Sell Cryptocurrencies

Paypal Cofounder Peter Thiel Thinks China Is Using Bitcoin as Financial Weapon Against the US

According to Paypal cofounder Peter Thiel, the Chinese government, which detests the U.S. dollar’s reserve currency status, could be using bitcoin as a financial weapon against the U.S. While he concedes that China has no intentions of making the yuan renminbi a reserve currency, Thiel still thinks the Asian country may have longed bitcoin because […]

Xem chi tiết: Paypal Cofounder Peter Thiel Thinks China Is Using Bitcoin as Financial Weapon Against the US

Paypal Enables Cryptocurrency Payments at Millions of Stores With ‘Checkout With Crypto’ Launch

Payments giant Paypal has launched the “Checkout With Crypto†service to allow consumers to make payments at millions of merchants using cryptocurrencies in their Paypal wallets. “This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your Paypal wallet,†said Paypal’s CEO. […]

Xem chi tiết: Paypal Enables Cryptocurrency Payments at Millions of Stores With ‘Checkout With Crypto’ Launch

Paypal Enables Cryptocurrency Payments at Millions of Stores With ‘Checkout With Crypto’ Launch

Personal Finance Expert Suze Orman Says ‘I Love Bitcoin’ — Advises How to Buy BTC, Praises Paypal

Paypal to Expand Its Crypto Services Offering to the UK

Paypal to Expand Its Crypto Services Offering to the UK

Mad Money’s Jim Cramer Says Tesla, Paypal, Mastercard Are Pushing Bitcoin More Into Mainstream

Mad Money’s Jim Cramer Says Tesla, Paypal, Mastercard Are Pushing Bitcoin More Into Mainstream

Paypal Launches Business Unit Dedicated To Cryptocurrency

Paypal to Earn $2 Billion in Revenue From Its Bitcoin Business, Says Analyst

Other Articles