PayPal linked with $500m bid for crypto asset security firm Curv
PayPal is in early-stage talks to acquire New York-based Curv, which helps companies transfer and store digital currencies. Citing a person familiar with the matter. Separately, CoinDesk reported, citing an anonymous source, that PayPal is buying Curv for $500 million.
US-Israeli startup Curv provides security infrastructure for digital assets. Founded in 2018, the firm is based in New York and has research and development offices in Tel Aviv.
Curv had raised $23M in Series A funding last year - provides multi-party computation security technology to safely transfer, store and manage any digital asset on any blockchain or DLT.
PayPal has not commented but last year it outlined plans to support cryptocurrencies across its consumer and merchant network. The firm has also been linked with a failed effort to buy crypto custody and trading outfit BitGo.
PayPal has been seeking to capitalize on increasing interest in digital currencies ever since it opened its services to buy, hold, and sell cryptocurrencies late last year. The company's products are currently in production at global investment firm Franklin Templeton and crypto-native institutions such as eToro and Genesis.
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