Connect with us

Hi, what are you looking for?

Tech

PayPal to Acquire Curv to Further Its Push into Cryptocurrencies

PayPal Holdings Inc, said it will acquire the cryptocurrency firm Curv as it seeks to beef up its talent pool for handling digital currencies.

PayPal, which didn’t disclose financial terms of the deal, has been building out a new unit dedicated to furthering its efforts in cryptocurrencies after it began allowing consumers to buy, sell and hold certain digital currencies in its wallet in recent months. Curv, with about 40 employees, will join that team, the payments giant said Monday in a statement.

“The acquisition of Curv is part of our effort to invest in the talent and technology to realize our vision for a more inclusive financial system,” Jose Fernandez da Ponte, PayPal’s vice president and general manager, blockchain, crypto and digital currencies, said in the statement. “During our conversations with Curv’s team, we’ve been impressed by their technical talent, entrepreneurial spirit and the thinking behind the technology they’ve built.”

PayPal said it expects the acquisition to be completed by midyear. Last year, Curv announced it had raised $30 million in total funding from investors including CommerzVentures, Coinbase Ventures and Digital Currency Group.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ad

You May Also Like

News

MTN Nigeria Communications PLC has announced that the Nigerian Communications Commission (NCC) has approved the renewal of the spectrum lease agreement between MTN Nigeria...

Tech

Nigerian Communications Commission (NCC) has announced its approval for the disconnection of Exchange Telecommunications Limited from MTN Nigeria Communications Limited due to unpaid interconnect...

News

Sterling Financial Holdings Company PLC has achieved another milestone with the approval of the Central Bank of Nigeria (CBN) recognising an additional ₦75 billion...

News

At an end-of-year inspirational talk delivered on 14th December, 2024 to his select mentees of young entrepreneurs in Nigeria monitored in Lagos, Dr. Leo Stan Ekeh advised them...