PayPal to Acquire Digital Security Startup Curv
SAN JOSE, Calif., March 9th, 2021-- PayPal Holdings, Inc. (NASDAQ: PYPL) has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets.
Curv is a leading provider of cloud-based infrastructure for digital asset security based in Tel Aviv, Israel.
In October 2020, PayPal announced its commitment to help shape the role that digital currencies will play in the future of financial services and commerce. To drive sustained growth and innovation in this area, the company recently created a business unit focused on blockchain, crypto, and digital currencies.
Curv will join the newly formed group, with its strong team of technologists adding technical expertise to PayPal.
"The acquisition of Curv is part of our effort to invest in ...