Crypto Custody Curv Firm Acquired by PayPal for Less Than $200 Million

Crypto Custody Firm Acquired by PayPal

For less than $200 million, Paypal has agreed to take over the Israel based crypto-currency frim. The deal between the two top-notch companies is expected to be sealed by the first half of the first half of the year

In reporting the multi-dollar deal, PayPal revealed their plans to use the business to push faster and expand its aptitude to support the digital assets and cryptocurrencies.,

The vice president of Paypal and the general manager of digital currencies, crypto and blcokchain  in the person of Jose Fernandez da Ponte, stated that the acquisition of company is part of PayPal effort to invest in the technology and talent so as relalize the vision of the company for an all-inclusive financial system.

Finally, the co-founder of Curv’s team in the person of Itay Malinger opined that at he acceleration of digital assets, that the company feels that PayPal is the right people to fit into the shoe of buying off the company from them to continue the innovation.

 

 

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