PayPal Holdings (NASDAQ: PYPL) – PayPal buys cryptocurrency custodian curve: report

PayPal Holdings (NASDAQ: PYPL) - PayPal buys cryptocurrency custodian curve: report

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 …

Read Additional From Source

Copyright @ www.benzinga.com

News Highlights

  • Headline: PayPal Holdings (NASDAQ: PYPL) – PayPal buys cryptocurrency custodian curve: report
  • Check all news and articles from the Cryptocurrencies news information updates.
Disclaimer: If you need to update/edit/remove this news or article then please contact our support team.
For Latest Updates Follow us on Google News
Bollyinside - US Local News & Breaking News Stories
Logo
Compare items
  • Total (0)
Compare
0