PayPal to Buy Crypto Custody Firm Curv

[kolbalish]

PayPal is said to be in the process of buying Curv, a technology firm that powers the secure storage of cryptocurrency, according to three sources familiar with the situation.

Israeli news outlet Calcalist reported Tuesday that Curv was being sold for between $200 million and $300 million, without naming the buyer.

“PayPal is buying Curv for $500 million,” a source from within the digital asset custody space told CoinDesk on Monday. “From where I’m hearing it, I’m pretty sure it’s true.” 

Link: https://www.coindesk.com/paypal-to-buy-crypto-custody-firm-curv-sources

[wheelz1200]

PayPal is said to be in the process of buying Curv, a technology firm that powers the secure storage of cryptocurrency, according to three sources familiar with the situation.

Israeli news outlet Calcalist reported Tuesday that Curv was being sold for between $200 million and $300 million, without naming the buyer.

“PayPal is buying Curv for $500 million,” a source from within the digital asset custody space told CoinDesk on Monday. “From where I’m hearing it, I’m pretty sure it’s true.” 

Link: https://www.coindesk.com/paypal-to-buy-crypto-custody-firm-curv-sources

Lol anything paypal touches, especially a crypto storage firm i wouldn't touch 😅.  I wish PayPal would just stick with their niche as a better western union and leave the crypto stuff to the real companies.  I know its always "good news" when mainstream companies start buying up these crypto firms but I get a bad feeling when I know that company is paypal.

[NeuroticFish]

I wish PayPal would just stick with their niche

Like any other companies, especially the large ones, PayPal has to keep its investors and board happy, i.e. make more money. And more. And then even more...
They don't have "a niche". Not anymore.

Crypto companies are for them new versions of the goose that can lay golden eggs. Of course that they want some.


The only good news is that such companies give more legitimacy to crypto scene. But that's no longer of so much interest.

[Theb]

I guess an article made by Bloomberg makes this rumor have traction but the funny thing about it is their source of news is the Coindesk article they did however attempted to create a private line of inquiry for both of the parties which both of them declined to make any comment so we can't say if Paypal is the strongest candidate to buy Curv. With regards to Paypal's acquisition attempt if it is true, Curv is a company centered in cloud security so if Paypal is trying to obtain the company it might just be their way of integrating the whole system of Curv in one of their existing businesses which they have done in the past.

[Fakhrulenclix]

Paypal is a big company, if they prepare to buy specific crypto, they will buy with huge capital, so the potential pumped in a short time will come. I think this is will be an opportunity to earn fast profits, or will become FOMO for people. Play safe guys

[passwordnow]

Paypal is a big company, if they prepare to buy specific crypto, they will buy with huge capital, so the potential pumped in a short time will come.

It's not about buying crypto but buying a company, a firm.

I think this is will be an opportunity to earn fast profits, or will become FOMO for people. Play safe guys

Earning fast? that sounds to be a HYIP. But anyway, the market has got its way back to $52k just today. And news like this will give others to have a basis whether they should buy or not. But I don't see that this has something to do with the market anymore. They're just doing the usual thing of a company acquiring another firm.

[aoluain]

ah you cant blame them for getting into crypto, that is where the future is, they see it
and know they are getting in early while others delay.

They are a business and like all business they exist to make growth and profit and
not get left behind.

[arufox]

Is PayPal's activity will give an effect on the market?? I think NO because PayPal is a centralized company and cant give any effect on the market. Except the company invests a huge amount of money in Bitcoin as Tesla Company do, so will make Bitcoin price pump and altcoin will follow it.

[notblox1]

Maybe Paypal is looking to improve the way they are using Bitcoin and crypto on their platform and this will have positive effect on Bitcoin because masses don't care about decentralization.
We need to wait for confirmation from Paypal and some explanation how this will affect them, but I don't plan to use that option for holding Bitcoin.
I think Amazon will come next.

[Slow death]

Is PayPal's activity will give an effect on the market?? I think NO because PayPal is a centralized company and cant give any effect on the market. Except the company invests a huge amount of money in Bitcoin as Tesla Company do, so will make Bitcoin price pump and altcoin will follow it.

we are talking about paypal, a very large company with many customers around the world and which already has a reputation established for many years, even if it is centralized and also has some things that are not good, they have a worldwide reputation and just see their announcement last year was able to increase the price of bitcoin a lot, it shows that many people left behind the anger they had for paypal and realized that we need companies like paypal and visa and mastercard to support bitcoin for bitcoin to grow as a means of payment. we cannot spend years just doing hodl and trade, we have to use bitcoin as a means of payment and for that to happen it is necessary that big companies like paypal, Visa, mastercard and so many others support and encourage the use of bitcoin


it's good news.

I still don’t have the option to buy bitcoin in my paypal account, I don’t know what day they will enable this option

[philipma1957]

 I have about 2000 usd worth of PayPal BTC