Fintech giant PayPal Holdings has announced that it has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Curv is a developer of digital asset security infrastructure helping crypto-native and financial institutions to create digital wallets.
PayPal expects to complete the acquisition in the first half of 2021. The financial terms of the deal are not disclosed. However, Israeli newspaper Calcalist, which first reported this move, reports that the amount was between $200M (approx €168.28M) and $300M (approx €252.4M) for the acquisition. CNBC, however, reports that the deal is worth less than $200M (approx €168.28M).