PayPal Holdings Inc (NASDAQ: PYPL) is buying Curv, a technology company engaged in the secure storage of Bitcoin (CRYPTO: BTC) and other cryptocurrencies, CoinDesk reported on Tuesday.
What happened: Curv’s price was reportedly set at between $ 200 million and $ 300 million by local Israeli media, which did not name a buyer.
“PayPal is buying Curv for $ 500 million,” someone in the digital asset custody space told CoinDesk.
Curv has raised $ 29.5 million in three funding rounds, according to Crunchbase. Investors include Franklin Templeton Investments, Team 8, and Coinbase Ventures.
Why it matters: PayPal, co-founded by Peter Thiel, turned to Curv after discussions …
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