PayPal takes over crypto administrator Curv
PayPal wants to integrate cryptocurrencies. (Photo: dpa)
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PayPal invests in supporting cryptocurrencies and takes over the Israeli crypto administrator Curv.
Once again, PayPal proves its ambitions in the field of cryptocurrencies. With the Israeli crypto administrator Curv, PayPal is buying expertise for the secure management of digital assets.
PayPal opened for cryptocurrencies in October 2020. With the help of Curv, support for crypto currencies is to be expanded, so Paypal.
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Reinforcement for the crypto team
Curv offers cloud-based infrastructure for the secure management of digital currencies. The team is set to become part of PayPal’s new department for blockchain, crypto and digital currencies.
“The acquisition of Curv is part of our drive to invest in the talent and technology to realize our vision for an inclusive financial system,” said Jose Fernandez da Ponte, vice president and general manager of blockchain, crypto and digital currencies at PayPal .
The deal is expected to close in the first half of the year. PayPal did not disclose details, but insiders told CNBC that the purchase price was less than $ 200 million.
