PayPal has confirmed its intention to purchase Curv, a Tel Aviv-based cryptocurrency firm, as reported by Calcalist.
PayPal has now made an official announcement on the topic.
The Curv staff will enter PayPal’s cryptocurrency group, in keeping with the corporate.
It has teamed up with Paxos to allow PayPal customers in the USA to buy, preserve, and promote cryptocurrencies straight from their PayPal account.
Furthermore, PayPal additionally plans to allow you to purchase and promote merchandise utilizing cryptocurrencies within the close to future.
Additionally, the corporate said in its most up-to-date earnings launch that it expects to introduce cryptocurrency merchandise in different nations.
Curv is a cryptocurrency safety agency that assists you in safely storing your digital properties.
The corporate gives a cloud-based service that permits you to entry your cryptocurrency wallets with out using any {hardware}.
PayPal reportedly paid between $200 million and $300 million for the acquisition, in keeping with Calcalist.
The deal’s phrases haven’t been introduced, however it’s anticipated to shut within the first half of 2021.
