PayPal Acquires Crypto-currency Startup Curv

This deal will grow PayPal’s cryptocurrency team by bringing on Curv, a startup working with exchanges, brokers and over-the-counter desks to help their users store crypto assets securely and access their wallets without requiring additional hardware.

The larger company already supports the buying and selling of cryptocurrencies, and it says it plans to launch new crypto-related products in other countries and in Venmo. Calcalist was the first to report the acquisition, and it said that the deal price was between $200 and $300 million, while another source tells TechCrunch that the price was less than $200 million.

Source: TechCrunch

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