- Published on March 11, 2021
- In IT Services
Paypal Pushes Its Cryptocurrency Ambitions With Curv Acquisition
- By Srishti Deoras
PayPal has acquired cryptocurrency security firm Curv for an undisclosed amount. Last year, the company had announced the launch of a new service for its customers to buy and sell cryptocurrencies from their PayPal accounts.
Curv is an Israel-based provider of cloud-based infrastructure for digital asset security. The deal is expected to close in the first half of 2021.
PayPal's Blockchain Ambitions
Earlier, PayPal had announced its plans to explore the opportunities in digital currencies. To drive this initiative, the company recently created a business unit focused on blockchain, crypto and digital currencies.
For its blockchain ambitions, Paypal had partnered with the New York state-regulated Paxos to offer cryptocurrency transactions services, starting October.&
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Srishti Deoras
Srishti currently works as Associate Editor at Analytics India Magazine. When not covering the analytics news, editing and writing articles, she could be found reading or capturing thoughts into pictures.
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