PayPal Expands Crypto Capabilities With Acquisition of Security Startup Curv
PayPal acquires digital asset security firm Curv to bolster its cryptocurrency team and prepare for new crypto product launches across its platforms. The reported deal value ranges between $200 and $300 million.
PayPal acquires Curv, a cryptocurrency security startup that helps exchanges and brokers store digital assets securely without needing extra hardware. This strategic move significantly expands PayPal’s existing cryptocurrency team as the company prepares to roll out new crypto-related products internationally and on its Venmo platform.
Reports indicate the acquisition price falls somewhere between $200 million and $300 million, though one source tells TechCrunch the final cost is actually less than $200 million. Curv currently provides vital infrastructure that allows institutional users to access their crypto wallets safely, making it a logical addition to PayPal's growing digital finance ecosystem.
This purchase highlights a broader trend of major financial technology companies diving deeper into the digital asset space. Alongside this crypto news, the tech landscape sees Apple discontinuing the iMac Pro, McAfee selling its enterprise business for $4 billion, and Google announcing $25 million in grants dedicated to empowering women and girls around the world.