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Paypal Confirms purchase of cryptocurrency storage service

PayPal has announced the purchase of cryptocurrency startup Curv.

The transaction is expected to be completed during the first half of 2021.

Purchase details

Israeli newspaper Calcalist reported that Curv’s purchase cost between $ 200 and $ 300 million.

However, one of the sources TechCrunch claims that the deal was worth less than $ 200 million.

What is known about Curv

Curv is a secure storage company for cryptoassets.

The firm operates a cloud service that allows access to cryptocurrency wallets without special hardware.

Curv technology is encryption based on secret multilateral computation.

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Ismael Brooks
Ismael Brooks
Ismael is a versatile writer contributing to City Telegraph, where their expertise spans technology and global affairs. With a passion for exploring innovation, societal trends, Ismael brings a fresh perspective to every piece they craft. Follow Ismael for thought leadership and in-depth analysis , as he continue to contribute to City Telegraph's mission of informing and engaging readers with compelling narratives.

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