PayPal has agreed to acquire Israel-based Curv, a provider of cloud-based infrastructure for digital asset security, according to CoinDesk.
The financial terms of the deal were not disclosed, but PayPal said it plans to use its new purchase to ‘accelerate and expand its initiatives to support cryptocurrencies and digital assets’. CoinDesk first reported the acquisition was in progress on 2 March 2021.
PayPal said it expects the acquisition deal to be completed in the first half of 2021.
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