PayPal to Buy Israeli Digital Asset Security Provider Curv

PayPal to Buy Israeli Digital Asset Security Provider Curv
The PayPal logo is seen at an office building in Berlin, Germany, on March 5, 2019. Fabrizio Bensch/Reuters
Reuters
Updated:

PayPal Holdings Inc said on Monday it would buy Israel-based digital asset security provider Curv, as the payments processor looks to strengthen support to cryptocurrencies.

The terms of the deal, which is expected to complete in the first half of 2021, were not disclosed. Curv would be part of PayPal’s recently created cryptocurrencies-focused unit.