PayPal Buys Curv to Expand Support for Cryptocurrencies, Digital Assets
By Robb M. Stewart
Online payments company PayPal Holdings Inc. said Monday it has
agreed to buy Tel Aviv-based Curv in a move to expand and
accelerate its push to support cryptocurrencies and digital
Financial terms for the deal weren't disclosed and PayPal said
it expects to complete the buy in the first half of the year.
Curv, founded in 2018 by Chief Executive Itay Malinger and Chief
Technology Officer Dan Yadlin, provides digital asset-security
"The acquisition of Curv is part of our effort to invest in the
talent and technology to realize our vision for a more inclusive
financial system," said Jose Fernandez da Ponte, vice president and
general manager of blockchain, crypto and digital currencies at
In early trading Monday, PayPal's shares were 1.1% lower at
$236.43. They have risen 1% in 2021, and have more than doubled
over the past 12 months.
Write to Robb M. Stewart at firstname.lastname@example.org
(END) Dow Jones Newswires
March 08, 2021 10:09 ET (15:09 GMT)
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