PayPal prepares to buy custodian startup Curv – Bits Media

Several sources report that, that payment company PayPal plans to buy out Israeli crypto custodian service Curv.

The first to report this was
Israeli newspaper Calcalist. According to the publication, The American payment giant will pay from $200 million to $300 Milln for the purchase of CURV. And Coindesk cryptocurrency publication with reference to its own source announces the sale of Curv for $500 million.

"Judging by my data, I'm almost sure, that this is true ", - said the source of Coindesk.

Seems to be, PayPal drew attention to the startup Curv after the failure of negotiations on the purchase of BitGo, which ended
At the end 2020 of the year. At the same time, the payment company planned to spend on the purchase of BitGO $750 million.

“PayPal has repeatedly bought expensive companies, eg, Venmo, And now they want to buy something in the cryptocurrency industry ", - believes the source of Coindesk.

After the first information on the purchase of a startup Curv, the cost of CRV tokens increased from $2.3 to $2.6. Token belongs to the project of decentralized finance Curve Finance and, it seems, traders mistakenly began to buy him.

Recall, that PayPal added cryptocurrency support for American users in October 2020 of the year. In early February it became known, that the payment giant will launch a new unit for working in the cryptocurrency industry.