March 29, 2024

The media learned about PayPal's plans to buy a service for storing cryptocurrency

One of the sources of the CoinDesk publication claims that the payment system will acquire Curv for $ 500 million.

Payment company PayPal will acquirecustodian service Curv for storing cryptocurrencies, writes CoinDesk, citing three sources. One of them stressed that the deal will amount to $ 500 million. The publication reports that PayPal showed interest in the startup after the deal to buy BitGo fell through at the end of last year.

On March 2, Israeli news portal Calcalist reported that Curv is selling for $ 200-300 million. PayPal did not respond to CoinDesk's request, Curv declined to comment on the matter.

Last November, PayPal opened to customers fromUS access to cryptocurrencies Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Since then, all American users of the service can buy, hold and sell cryptocurrency directly through PayPal.

This year, the company plans to add the ability to pay with digital money to 26 million retail outlets. Stores will not accept cryptocurrency directly, but after conversion to dollars.

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